uCloudlink Group Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017
Revenue	27.01	25.23	36.03	43.42	67.27	37.95	18.7
Revenue Growth (YoY)	7.03%	-29.96%	-17.03%	-35.46%	77.26%	102.91%	-
Cost of Revenue	-19.29	-18.58	-30.43	-34.87	-57.87	-34.17	-15.69
Gross Profit	46.3	43.81	66.46	78.29	125.14	72.12	34.4
Selling, General & Admin	31.42	29.03	42.17	72.48	44.59	49.58	33.86
Research & Development	6.46	8.43	13.7	26.36	15.11	20.4	13.26
Operating Expenses	37.88	37.46	55.87	98.84	59.7	69.98	47.11
Operating Income	8.42	6.35	10.59	-20.55	65.44	2.14	-12.72
Interest Expense / Income	0.13	0.44	0.19	0.29	0.44	3.39	3.3
Other Expense / Income	5.41	25.6	56.2	42.4	59.74	25.32	3.24
Pretax Income	2.88	-19.69	-45.8	-63.23	5.26	-26.56	-19.26
Income Tax	0.07	0.16	0.24	0.19	0.06	0	0
Net Income	2.81	-19.85	-46.04	-63.42	5.21	-26.56	-19.26
Preferred Dividends	0	0	0	1.29	2.84	2.21	1.69
Net Income Common	2.81	-19.85	-46.04	-64.71	2.37	-28.77	-20.95
Shares Outstanding (Basic)	372	312	286	260	232	185	124
Shares Outstanding (Diluted)	372	312	286	260	232	185	124
Shares Change	18.96%	9.27%	10.05%	11.92%	25.25%	48.92%	-
EPS (Basic)	0.10	-0.60	-1.60	-2.50	0.10	-1.60	-1.70
EPS (Diluted)	0.10	-0.60	-1.60	-2.50	0.10	-1.60	-1.70
Free Cash Flow	4.66	4.26	-22.33	-3.06	3.2	-22.99	-13.49
Free Cash Flow Per Share	0.13	0.14	-0.78	-0.12	0.14	-1.24	-1.08
Gross Margin	171.44%	173.64%	184.48%	180.32%	186.02%	190.04%	183.90%
Operating Margin	31.18%	25.18%	29.40%	-47.33%	97.28%	5.65%	-68.01%
Profit Margin	10.41%	-78.68%	-127.80%	-149.03%	3.52%	-75.80%	-112.01%
Free Cash Flow Margin	17.25%	16.88%	-61.99%	-7.05%	4.76%	-60.58%	-72.10%
Effective Tax Rate	2.43%	-	-	-	1.08%	-	-
EBITDA	4.14	-18.27	-43.44	-60.68	8.75	-17.86	-10.26
EBITDA Margin	15.31%	-72.41%	-120.59%	-139.75%	13.00%	-47.05%	-54.87%
Depreciation & Amortization	1.12	0.98	2.17	2.27	3.04	5.32	5.7
EBIT	3.01	-19.25	-45.61	-62.95	5.7	-23.17	-15.96
EBIT Margin	11.16%	-76.29%	-126.60%	-144.97%	8.48%	-61.06%	-85.34%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).