Ucloud Technology Co.,Ltd. Posted 286.6 Million Yuan Net Loss in First Three Quarters of 2023

Ucloud Technology Co.,Ltd. (优刻得科技股份有限公司) (688158.SH) reported a net loss of 286.6 million yuan in the first three quarters of 2023, narrowing 19.9% year-on-year.

Meanwhile, the company posted 1.1 billion yuan in revenue, down 26.2% year-on-year.

At the end of the reporting period, it had 3.9 billion yuan in total assets and 1.2 billion yuan in total liabilities, with a liability-to-asset ratio of 30.3%.