Aurora Mobile reported Q1 2024 revenues of RMB64.5M ($8.9M), down 1% YoY, while achieving its highest gross margin since Q4 2021 at 71.9%. The company's Developer Subscription Services grew 13% YoY to RMB42.4M, though total Developer Services declined 2% due to weakness in Value-Added Services. Operating expenses decreased 18% YoY to RMB53M, reaching the lowest level since IPO.Net loss narrowed significantly to RMB2.6M ($0.4M) from RMB15.2M in Q1 2023, while adjusted EBITDA turned positive at RMB0.2M, marking the third consecutive quarter of positive adjusted EBITDA. The company's EngageLab products showed strong momentum with over 30% QoQ growth in customer numbers and 60% growth in contract value.The company continues its strategic transformation by streamlining product offerings, optimizing team structure with a 40% headcount reduction from peak levels, and expanding overseas through EngageLab. Cash and cash equivalents stood at RMB99.3M ($13.8M) as of March 31, 2024.

Aurora Mobile reported Q1 2024 revenues of RMB64.5M ($8.9M), down 1% YoY, while achieving its highest gross margin since Q4 2021 at 71.9%. The company's Developer Subscription Services grew 13% YoY to RMB42.4M, though total Developer Services declined 2% due to weakness in Value-Added Services. Operating expenses decreased 18% YoY to RMB53M, reaching the lowest level since IPO.Net loss narrowed significantly to RMB2.6M ($0.4M) from RMB15.2M in Q1 2023, while adjusted EBITDA turned positive at RMB0.2M, marking the third consecutive quarter of positive adjusted EBITDA. The company's EngageLab products showed strong momentum with over 30% QoQ growth in customer numbers and 60% growth in contract value.The company continues its strategic transformation by streamlining product offerings, optimizing team structure with a 40% headcount reduction from peak levels, and expanding overseas through EngageLab. Cash and cash equivalents stood at RMB99.3M ($13.8M) as of March 31, 2024.