Adjusted net income (non-GAAP) was RMB2.1 million
(US$0.3 million), compared with an adjusted net loss of RMB14.5 million in the same quarter of last year.
Adjusted EBITDA (non-GAAP) turned positive at RMB4.5 million (US$0.6 million) compared with a negative RMB6.7 million for the same quarter of last year.
The cash and cash equivalents, restricted cash, and short-term investment were RMB98.4 million (US$13.5 million) as of September 30, 2023 compared
with RMB116.3 million as of December 31, 2022.
Update on Share Repurchase
As of September 30, 2023, the Company had repurchased a total of 2,685,312 ADS, of which 854,213 ADSs, were repurchased during the third quarter in 2023.
Conference Call
The Company will host an earnings
conference call on Thursday, November 16, 2023 at 7:30 a.m. U.S. Eastern Time (8:30 p.m. Beijing time on the same day).
All participants must register in
advance to join the conference using the link provided below. Please dial in 15 minutes before the call is scheduled to begin. Conference access information will be provided upon registration.
Participant Online Registration:
https://register.vevent.com/register/BI9ad70a87fcb9492a9f1ae13d03b3126f
A live and archived webcast of the conference call will be available on the Investor Relations section of Aurora Mobiles website at
https://ir.jiguang.cn/.
Use of Non-GAAP Financial Measures
In evaluating the business, the Company considers and uses two non-GAAP measures, adjusted net income/(loss) and
adjusted EBITDA, as a supplemental measure to review and assess its operating performance. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute
for the financial information prepared and presented in accordance with U.S. GAAP. The Company defines adjusted net income/ (loss) as net loss excluding share-based compensation, reduction in force charges, impairment of long-term investment and
change in fair value of foreign currency swap contract. The Company defines adjusted EBITDA as net loss excluding interest expense, depreciation of property and equipment, amortization of intangible assets, amortization of land use right, income tax
expenses/(benefits), share-based compensation, reduction in force charges, impairment of long-term investment and change in fair value of foreign currency swap contract.
The Company believes that adjusted net income/ (loss) and adjusted EBITDA help identify underlying trends in its business that could otherwise be distorted by
the effect of certain expenses that it includes in loss from operations and net loss.
The Company believes that adjusted net income/ (loss) and adjusted
EBITDA provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by the management in their financial and
operational decision-making.
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