Home Trending Stocks Aurora Mobile Ltd. (JG) Stock Prices on the Rise Following Partnership with...

Aurora Mobile Ltd. (JG) Stock Prices on the Rise Following Partnership with UU Paotui

Aurora Mobile Limited (JG) stock prices were up 6.96% as of market close on April 26th 2021, bringing the price per share up to USD$3.69. Subsequent pre-market fluctuations saw the stock price climb marginally by 0.81% to hit USD$3.72.

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Financial Performance of SAAS Businesses

Financial reports for SAAS businesses, since they will be what is left from Q1 2021 onwards, have seen growth across the board. Q4 2020 reports indicated revenue of USD$11.7 million, an increase of 17% both year-over-year and quarter-over-quarter. Gross profit enjoyed a 28% increase year-over-year and 20% increase compared to the previous quarter with reports of USD$9 million. The gross margin was 76.65%, up from the 70.3% reported in the same quarter of the previous year.

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Year-over-Year Financial Growth

SAAS business revenues for the full fiscal year 2020 were reported at USD$39.5 million, representing a 21% increase from the previous year. Gross profit for 2020 was 24% higher than that of 2019, clocking in at USD$29.8 million. Gross margin was up to 75% for 2020 while it had been 73.4% in 2019.

Launch of JG UMS

Over the course of 2020, the company announced the addition of the new In-App messaging facility to augment their JG Alliance product portfolio. The company also launched JG Unification Messaging System that provides businesses a single integrated communication management platform to help reach targeted customers with more efficiency and less costs. The messaging platform utilizes a flexible routing strategy to reduce costs and provides an operational simplicity that sets it apart.

Launch of JG VaaS

The company has also launched GJ Video-as-a-Service (VaaS), a replacement for the myriad of exclusive and centralized short video apps with its facilitation of the consumption of short videos anytime and anywhere by users. JG VaaS allows app developers to embed user-friendly short video content within their applications, as a means of enhancing user experience. This increases user engagement and audience retention, which, in turn, drives monetization potential.

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Future Outlook for JG

With strong financial reports to back them and a strong roster of recent product launches, JG is poised to leverage the resources at its disposal to facilitate further sustained growth and increases in shareholder value. Current and prospective investors are hopeful that the company will be able to further penetrate the market to expand its paying retail customer base as well as its ARPU for their developer subscription business.

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