UCLOUDLINK GROUP INC. has announced its unaudited financial results for the first quarter of 2025. Total revenues reached $18.7 million, marking a 3.4% increase from $18.1 million in the first quarter of 2024. Notably, revenues from services were $14.2 million, up 4.9% from $13.5 million in the same period of the previous year, driven primarily by an increase in international data connectivity services. However, the company reported a net loss of $0.6 million, contrasting with a net income of $0.4 million in the first quarter of 2024. Additionally, UCLOUDLINK experienced a loss from operations of $0.5 million, compared to an income from operations of $0.5 million in the same period last year. The company expects total revenues for the second quarter of 2025 to range between $23.0 million and $25.0 million, representing an increase of 2.7% to 11.6% compared to the same period of 2024.
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