UCLOUDLINK revenue improves 1.1% to $21.4 million

UCLOUDLINK (NASDAQ:UCL) reported third-quarter 2026 revenue of US$21.4 million, up 1.1% year-over-year, although the company recorded a net loss of US$300,000 compared with US$9.3 million in net income a year earlier.

Revenue returned to growth, but operating income declined to US$200,000 from US$9.2 million, partly because the previous-year period included an US$8.7 million investment fair-value gain.

MeowGo revenue declined 9.9% to US$17.4 million, while revenue from SIM, IoT, Life and PetPhone increased, and gross margin fell to 51.8% from 53.6%, with product margin dropping to 26.8% from 41%.

The company recorded an adjusted net loss of US$600,000, compared with adjusted net income of US$700,000 a year earlier, while operating cash inflow reached US$1 million, marking its first positive quarter of operating cash flow in 2026.

UCLOUDLINK provides mobile data connectivity services and technology through its cloud SIM platform, supporting international mobile internet access, IoT connectivity and related consumer products.

Average daily active users increased 22.4% to 431,245, while management plans to continue research and marketing investment and launch its PetCam product in the fourth quarter of 2026.