Aurora (JG.US) Q4 revenue decreased by 11% year-on-year, and net loss narrowed to 17.9 million yuan.

On March 12 (Tuesday) before the US stock market opened, Aurora Mobile Limited (JG.US) released its unaudited financial report for the fourth quarter and full year ending December 31, 2023. The financial report shows that Aurora Mobile's Q4 revenue was 77.40 million yuan (RMB, same below), a year-on-year decrease of 11%; the net loss attributable to Aurora Mobile shareholders was 17.90 million yuan, compared to a net loss of 32.70 million yuan in the same period last year. Under non-GAAP, the adjusted net loss was 1.80 million yuan, compared to 6.60 million yuan in the same period in 2022. The adjusted EBITDA was 100,000 yuan, compared to a profit of 600,000 yuan in the same period in 2022. Aurora Mobile's Q4 gross profit was 53.30 million yuan, a year-on-year decrease of 11%; total operating expenses were 61.20 million yuan, a year-on-year decrease of 36%. As of December 31, 2023, Aurora Mobile held a total of 115 million yuan in cash and cash equivalents and restricted funds, compared to 116.3 million yuan as of December 31, 2022. Full-year performance Aurora Mobile's revenue for the full year of 2023 was 290.20 million yuan, a year-on-year decrease of 12%; the net loss was 63.90 million yuan, compared to a net loss of 108.50 million yuan in the same period last year. The company stated that the decline in revenue was mainly due to a 13% decrease in developer services revenue (mainly due to weak value-added services revenue) and a 9% decrease in industry application revenue. Under non-GAAP, the adjusted net loss was 20.10 million yuan, compared to 56.50 million yuan in 2022; the adjusted EBITDA was 7.40 million yuan, compared to a loss of 23 million yuan in 2022. Stock buyback progress As of December 31, 2023, the company had repurchased a total of 187,691 American Depositary Shares (ADS), with 53,425 ADS repurchased in the fourth quarter of 2023, totaling approximately 121,200 USD. The company's board of directors has extended the previous stock repurchase plan and approved a new buyback plan, under which the company will repurchase up to 5 million USD worth of company stock by December 31, 2024.