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UCLOUDLINK GROUP INC. reported a 10.8% increase in total revenues for the fourth quarter of 2023, reaching US$21.7 million. The company also saw an increase in gross profit and adjusted net income, while reporting a net loss and loss from operations. For the full year of 2023, UCLOUDLINK reported a 19.8% increase in total revenues and a net income of US$2.8 million, compared to a net loss in 2022. The company also reported positive adjusted net income and adjusted EBITDA for the full year. Operational highlights include an increase in data consumption through the company’s mobile data traffic sharing marketplace.