UCL.US Q3 revenue increased 5.6% year-on-year, net profit fell to US$3.4 million

The Zhitong Finance App learned that UCL.US (UCL.US) announced the results for the third quarter of 2024. According to financial reports, the company's Q3 revenue was US$25.2 million, up 5.6% year on year; net profit was US$3.4 million, net profit for the same period last year was US$3.5 million; basic and diluted earnings per ADS were 0.09 US dollars, the same as the same period last year.

Adjusted net profit (excluding the impact of equity incentive plans, fair value gains and losses on other investments, and profit and loss shares of equity method investments) was $3.7 million after tax, compared to $3.8 million for the same period in 2023.

Under non-GAAP, adjusted EBITDA was $4.4 million compared to $4.1 million for the same period in 2023,

As of September 30, 2024, UCLA held $27.7 million in cash and cash equivalents, compared to $26.8 million as of June 30, 2024.

Performance Guidelines

For the fourth quarter of 2024, UCLA's total revenue is expected to be between 25 million US dollars and 30 million US dollars, an increase of 15.2% to 38.2% over the same period in 2023.