The following is a summary of the Aurora Mobile Limited (JG) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Aurora Mobile reported a stable revenue of RMB65 million.

• The company experienced a 13% revenue growth in developer subscription services year-over-year, driven by a 12% increase in ARPU and significant contributions from EngageLab.

• Gross margin improved both year-over-year and quarter-over-quarter.

• Operating expenses reached a historic low since IPO, totaling RMB53 million for Q1 2024, reflecting an 18% decrease year-over-year.

• Aurora Mobile achieved positive adjusted EBITDA for the third consecutive quarter.

Business Progress:

• EngageLab, Aurora Mobile's product, showed substantial growth with customer numbers increasing from 170 to over 220 and cumulative contract value growing by 60% quarter-over- quarter to more than RMB24 million.

• EngageLab is now serving customers in over 20 countries, demonstrating global reach and acceptance.

• The company also saw robust growth in financial risk management products, with revenue increasing 14% year-over-year.

Opportunities:

• With EngageLab's revenue growing 10x year-over-year and expansion into more than 20 countries, the company is successfully capitalizing on global market expansion opportunities.

• Growth in financial risk management indicates potential in expanding further into fintech services.

• The company's ability to maintain a low operating expenses level while expanding services points to a strategic opportunity in operational efficiency.

Risks:

• The slight decline in Developer Service revenue and vertical application revenue highlights potential risks in market competition and product demand sustainability.

More details: Aurora Mobile IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.