Aurora Mobile Ltd. (JG) stock became bullish in the premarket following the announcement of CAICT’s Data Security Governance (DSG) certification. At the time of writing, the stock was up by 6.80% at $1.10 in the premarket.
In the previous market session, the stock traded between $1.03 and $1.14, closing the session at $1.03. Hence JG stock lost 8.85% in the previous session. While the stock traded in the red in the previous session, it started gaining premarket after the news emerged.
Aurora Mobile Ltd. has a market capitalization of $133.24 million. Currently, the company has 92.83 million shares outstanding in the market.
JG’s DSG Certification
On December 28, the company announced receiving DSG certification after passing the China Academy of Information and Communications Technology’s assessment. Moreover, the certification was awarded to JG at CAICT’s Data Security Industry Summit & Trusted Privacy Computing Forum. The summit was held virtually on December 21, 2021.
Moreover, the basis of the assessment, DSG Capability Evaluation Method was formulated by over 20 organizations along with the Internet Society of China.
In addition, the company plans to continue exploring the field of data security and improve DSG standards as it has always done. JG has always given great importance to data security and DSG as it is an increasingly important need of the industry.
2021 China SaaS Excellent Product Award
On December 23, the company announced that its UMS (Unification Messaging System) was given the 2021 China SaaS Excellent Product Award. The award was given at the “Insights 2022 – China Enterprise Service Annual Conference” which was held on December 21, 2021.
The company had launched JG UMS in November 2020 in both private and public cloud environments. Moreover, the JG UMS is also compliant with the standards of 5G messaging requirements, as per the certification by China Technology Labs.
JG’s Financials
On November 23, the company announced its unaudited financial results for the third quarter of 2021, which ended on September 30.
In the third quarter of 2021, JG’s revenue decreased 17% year over year to RMB90.5 million (US$14.0 million).
Moreover, the company incurred an adjusted non-GAAP net loss of RMB26.2 million (US$4.1 million) in the third quarter of 2021. This compares to RMB36.9 million in the third quarter of 2020.
In addition, the gross profit increased by 6% year over year to RMB 67.4 million in the Q3 of 2021.
