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Aurora Mobile Limited (JG) Stock Surged in Premarket, Here’s why.

Aurora Mobile Limited (JG) is a leading Chinese company in mobile development. The company provides various consumer-based services such as APP traffic monetization and one-click verification. The company also develops a programming interface to automate the message exchange process between different mobile applications. The clients of the company include developers from various sectors such as gaming, tourism, entertainment, healthcare and education.

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The price of JG stock during the regular trading on December 27, 2021 was $1.03 with a decline of 8.85%. At last check in the premarket on December 28, 2021, the stock was up by 3.88%.

JG: Events and Happenings

On December 28, 2021, JG reported that it had approved the Data Security Governance (DSG) Certification of China Academy of Information and Communications Technology (CAICT) after stringent evaluation by CAICT and professionals. The Company received the DSG certification at CAICT’s Data Security Industry Summit held virtually on December 21, 2021.

On December 23, 2021, JG reported the receipt of 2021 China SaaS Excellent Product Award for the company’s Unification Messaging System. The award was received at Insights 2022 – China Enterprise Service Annual Conference held on December 21, 2021.

On December 14, 2021, JG updated about its collaboration with China Merchants Fund (CMF) Management. Influencing CMF’s Unification Message System (UMS), JG had closely been working with CMF to augment its messaging program and optimize the operational efficiency.

JG: Key Financials

On November 23, 2021, JG provided financial results for the third quarter ended September 30, 2021. Some of the important updates are as follows

Revenue

The total revenue generated by the company during Q3 2021 was RMB90.5 million as compared to the same period prior year when the revenue was RMB108 million.

Net Loss

Net loss for the third quarter 2021 was RMB35 million against the same quarter prior year when net loss was RMB43 million.

On November 17, 2021, JG reported that its verification service and personalized packages had been initiated on HUAWEI CLOUD after laborious testing. On October 21, 2021, JG informed that JPush Cloud which is one of the lead products of the company had cleared the compatibility certification of the product for Galaxy Kirin and China Standard Kirin.

On September 27, 2021, JG reported about presentation of the company management at the World Internet Conference Wuzhen Summit 2021 held on September 26-28, 2021.

Conclusion

The company showed 27% deceleration in stock price from the past month. However, the premarket showed a slight positive update possibly due to receipt of the certification from CAICT’s DSG. The analysts are optimistic that the current certification will pave the ways for future collaborations of the company and it will reap the benefits.

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