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KUTV Video Chart 9/30/2013
http://www.missionir.com/videos.html
Correction....
Women are "NOW" being targeted more then men.
Whether the future Netflix or Youtube of China, the market cap is dirt cheap compared to others, and either way has become one of the better value plays out there based on their potential.
Traffic Data of their website has been posted elsewhere, but here it is for anyone that hasn't seen it.
In the Second Quarter, the traffic for their site, KU6.com, has seen a monumental surge in traffic, and is now ranked roughly at #19 overall in China, and #83 in the world. That's not too shabby, and you can also find estimated values for the site around 100M+
Recent data (trailing) shows that the traffic is "settling" and should remain about where it is for a while. You also notice some changes to the data, such as the decrease in search engines leading them to the site. It also appears that women are not being targeted more than men.
Thursday up 3.8%+, Friday up 7.88%. Volume continues to get heavier.
Wednesday was a good one for KUTV, up 12%+ with 377K shares traded.
Let's see what today has to offer.
Added more at the open. I see this going much higher in the near term.
KUTV: NFLX of China in the making
impressive portfolio
serious watch list item right now
KUTV getting some volume and looking to break out of this base in the near future I picked up a little position today will add if we can break over todays high
KUTV - great day today! Wow! Lot's happening here...this could be a $2.00 by next week.
Stop by the MPC board man...all posts are welcome. Your insight is valued.
no one cares. they signed a deal with the FB or MySpace of China. #6 website in China. #60 in the world.
no one cares. wow.
KUTV breaks $1.41 and is go time again.
Can anyone out there tell me why this stock is going down after the pr? Was it not good news?
After Hours Last:
Net / % Change $ 1.99
-.05 (-2.45%)
Read more: http://www.nasdaq.com/symbol/kutv/after-hours#ixzz1r1JGZoFF
bullish now! see green horizon
glta
btw one: form 20-F
http://ih.advfn.com/p.php?pid=nmona&article=51823599
btw two:
Ku6 Media Announces Partnership with Channel[V]
Today : Sunday 1 April 2012
BEIJING, March 30, 2012 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd. ("Ku6 Media" or the "Company", Nasdaq: KUTV), is a leading internet video company in China, focusing on User Generated Content (UGC), today announced that it has entered into an agreement with Star China to cooperate with its well-known international music television channel Channel[V].
Pursuant to the agreement, Channel[V] will lanuch its official online channel on Ku6 Media's platform for its current and upcoming music entertainment programs in mainland China. Ku6 Media will be responsible for all non-content operations including platform operation, online promotion and IT support etc.
Mr. Jeff Shi, Chief Executive Officer of Ku6 Media, commented, "We are very pleased with the cooperation with Channel[V]. We believe this will strengthen our position in the online music entertainment area. It will also enable both parties to play to their strengths and bring users easier access to richer entertainment content, which is part of Ku6 Media's long-term mission."
Mr. Ming Tian, Chief Executive Officer of Star China, added, "We are very excited about partnering up with Ku6 Media. Their popular online video portal is a great complement to our TV channels. Through the cooperation with Ku6 Media, we will be able to deliver our excellent entertainment content to a wider group of audiences. We look forward to the great result from our cooperation."
About Star China Ltd.
Star China Ltd., pioneered satellite television in China. Providing more people with more choice than ever before, Star China also set new standards in content, production value and variety. Star China controls over XingKongWeishi, XingKong International and Channel[V] and also owns the world's largest contemporary Chinese film library. This rich and top-quality content asset gives Star China a winning edge in today's multi-media, connected marketplace.
About Ku6 Media Co., Ltd.
Ku6 Media Co., Ltd. (Nasdaq: KUTV) is a leading internet video company in China, focusing on User Generated Content (UGC). Through its premier online brand and online video website, www.ku6.com, Ku6 Media provides online video upload and sharing service, video reports, information and entertainment in China. For more information about Ku6 Media, please visit http://ir.ku6.com.
KUTV business seems to be headed in the right direction. Seems like we're stuck here around $2 till the company updates investors again (or someone buys us out). Maybe SNDA wants back in
Pre-Market Last:
Net / % Change $ 2.40
.05 (2.13%) Pre-Market High: $ 2.49 Pre-Market Volume: 400 Pre-Market Low: $ 2.40
Read more: http://www.nasdaq.com/symbol/kutv/premarket#ixzz1p0AClR5L
long some shares 2.47 looking good
Pre-Market Last:
Net / % Change $ 2.73
.63 (30.00%) Pre-Market High: $ 2.90 Pre-Market Volume: 47,451 Pre-Market Low: $ 2.40
Read more: http://www.nasdaq.com/symbol/kutv/premarket#ixzz1ouKXblj9
The end of last week was a bit disapointing, but I'm very excited about this next week.
>2.50
Balance sheet is heading in the right direction. Maybe KUTV turns into a takeover candidate for some other chinese internet portal play
looks like we're up about 6% at 2.48 in premarket
Solid results + Bullish futures should mean we go up today
Anyone chiming in to the c.c.?
Maybe we'll get a good press release later today on the Youtube partnership along with the new channel launched this month
BEIJING, March 8, 2012 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd., ("Ku6 Media" or the "Company", Nasdaq: KUTV) a leading internet video company in China, today announced unaudited financial results for the fourth quarter of and full fiscal year ended December 31, 2011.
Background
In 2010, Ku6 Media (formerly known as Hurray!) completed a series of transactions including acquisition of Ku6 Holding Limited in January 2010 and disposal of its wireless value-added services ("WVAS") and music businesses to Shanda Interactive Entertainment Limited ("Shanda") as well as acquisition of online audio business from Shanda in August 2010, and became a company focusing on online advertising business on its online video platform of www.Ku6.com. As a result, the operating results of WVAS and recorded music were presented as "Operating Results of Discontinued Operations" in the income statements.
Highlights
-Total revenues were $4.42 million; performance advertising revenue increased continuously and accounted for 79.2% of total revenues in the quarter
-The Company recorded its first gross profit of $0.19 million; net loss was $3.94 million, the lowest since Ku6 Media became public in 2010
-The Company has solidified its leading position in User Generated Content (UGC); contracted Value Creating User (VCU) reached 5,000, number of videos uploaded daily reached 200,000, and monthly Unique Visitors (UV) reached 220 million in February 2012, according to Ku6 Media's internal data
-Partnership with YouTube announced in January 2012, to allow Ku6 Media's international users to view original videos from China
Business results
Total revenues, representing advertising revenue from online video portal operation, were $4.42 million in the fourth quarter of 2011, representing an increase of 4.5% from $4.23 million in the third quarter of 2011 and a decrease of 34.7% from $6.77 million in the fourth quarter of 2010.
In the second quarter of 2011, the Company started to generate revenues from performance advertising using a system called Application Advertisement ("AA"). The performance advertising revenue was realized through an affiliated advertising agent. 79.2% of total revenues in the fourth quarter was from this source, as compared to 72.3% of total revenues in the third quarter of 2011.
Cost of revenues was $4.23 million in the fourth quarter of 2011, representing a decrease of 22.8% from $5.48 million in the third quarter of 2011 and a decrease of 66.1% from $12.46 million in the fourth quarter of 2010. The change of content strategy since the second quarter of 2011 fromlong-form professional content to UGC is the main reason for the decrease in cost of revenues. As a result, gross profit was $0.19 million in the fourth quarter of 2011, as compared to a gross loss of $1.25 million in the third quarter of 2011 and a gross loss of $5.70 million in the fourth quarter of 2010.
Operating expenses were $4.38 million in the fourth quarter of 2011, representing a decrease of 61.2% from $11.28 million in the third quarter of 2011 and a decrease of 55.2% from $9.77 million in the fourth quarter of 2010. Fourth quarter operating expenses include a $0.98 million favorable adjustment due to increased forfeitures of equity compensation awards caused by greater than anticipated headcount reductions in the Company's strategic transition.
Operating loss was $4.19 million in the fourth quarter of 2011, representing a decrease of 66.6% from $12.53 million in the third quarter of 2011 and a decrease of 72.9% from $15.46 million in the fourth quarter of 2010.
Net loss was $3.94 million in the fourth quarter of 2011, representing a decrease of 69.6% from the loss of $12.98 million in the third quarter of 2011 and a decrease of 74.5% from the loss of $15.45 million in the fourth quarter of 2010.
Net loss attributable to Ku6 Media was $3.94 million in the fourth quarter of 2011, as compared to $12.98 million in the third quarter of 2011 and $15.42 million in the fourth quarter of 2010.
Net loss attributable to Ku6 Media per basic and diluted ADS was $0.08 in the fourth quarter of 2011, compared to $0.26 in the third quarter of 2011 and $0.44 in the fourth quarter of 2010. Weighted average ADSs used to calculate diluted net loss per ADS were 50.2 million in the fourth quarter of 2011, 50.2 million in the third quarter of 2011 and 34.8 million in the fourth quarter of 2010.
Loss before interest expense and interest income, income taxes, depreciation, and amortization ("EBITDA", a non-GAAP measure) was $2.84 million in the fourth quarter of 2011, compared to $11.20 million in the third quarter of 2011 and $13.84 million in the fourth quarter of 2010. Reconciliation between net loss attributable to Ku6 Media under U.S. Generally Accepted Accounting Principles (GAAP) and EBITDA is presented at the end of this news release.
As of December 31, 2011, the Company had $26.75 million in cash and cash equivalents, compared to $41.63 million as of September 30, 2011. Accounts receivable decreased by $1.40 million, Accounts payable decreased by $8.64 million, and short term loans decreased by $1.97 million.
On January 17, 2012, the Company announced that it has entered into a definitive agreement with YouTube, a renowned international video-sharing website owned by Google, which would allow Ku6 Media's international users to view original videos from China through a new channel operated by YouTube. In March 2012, the Company established a partnership with Channel V, a music video entertainment TV channel, to bring its content to Ku6 Media's users.
Business results for fiscal year 2011
Total revenues from continuing operations for fiscal year 2011, representing advertising revenue from online video portal and online audio operations, were $19.22 million, compared to $16.56 million for the fiscal year 2010.
Gross loss from continuing operations was $11.66 million for the fiscal year 2011, compared to $23.90 million for the fiscal year 2010.
Operating expenses from continuing operations were $37.91 million for the fiscal year 2011, compared to $29.70 million for the fiscal year 2010.
Net loss from continuing operations was $49.39 million for the fiscal year 2011, compared to $53.54 million for the fiscal year 2010.
Net loss attributable to Ku6 Media was $49.34 million for the fiscal year 2011, compared to $51.51 million for the fiscal year 2010.
Net loss attributable to Ku6 Media per basic and diluted ADS was $1.16 for the fiscal year 2011, compared to $1.67 for the fiscal year 2010. Weighted average ADSs used to calculate diluted net loss per ADS were 42.7 million for the fiscal year 2011 and 31.0 million for the fiscal year 2010.
EBITDA was a loss of $43.28 million for the fiscal year 2011, compared to a loss of $46.32 million for the fiscal year 2010.
Mr. Jeff Shi, Chief Executive Officer of Ku6 Media, commented, "Through the successful strategic transition starting in the second quarter of 2011, Ku6 Media has firmly established itself as the leader in UGC in China, with nearly 200, 000 video clips being uploaded on daily basis in February of 2012. Our Value Creating User (VCU) program, started in August 2011, has now recruited more than 5, 000 contracted VCUs, who enjoy financial rewards according to video views their uploads attract. According to Ku6 Media's internal tracking data, monthly unique visitors (UV) have reached 220 million in February 2012. With continuous efforts in cost and expense reduction, in the fourth quarter of 2011 we have achieved our first quarterly gross profit and cut our quarterly net loss to its lowest level since Ku6 Media became public in 2010. We are confident that these improvements will build a solid foundation for steady and sustainable growth."
Note to the financial information
The unaudited financial information disclosed above is preliminary. The audit of the financial statements and related notes to be included in the Company's annual report on Form 20-F for the year ended December 31, 2011 is still in progress. In addition, because management's evaluation of the Company's internal control over financial reporting in connection with the Sarbanes-Oxley Act of 2002 has not yet been completed, the Company makes no representation as to the effectiveness of those internal controls as of December 31, 2011.
Conference call
Ku6 Media's management team will host a conference call on Thursday, March 8, 2012 at 7:30 a.m. EST, which is Thursday, March 8, 2012 at 8:30 p.m. in Beijing and Hong Kong, to present an overview of the company's financial performance and business operations.
I like the look of this one, I will load up a few shares.
It would be great to jump up to $3.00, maybe 4 before next dip
you tell me... lollllllllllll
KUTV results IMO are very solid
GLTA longs :)))
do we open above $3 tomorrow
hoping for $4
2006
On June 1, 2006, Ku6.com Company was established in a small white building at the foot of Xishan Mountain in Beijing. Here, Li Shanyou started his new journey with 2 million yuan and the ideal of "how far the dream can go, how high you can fly".
On July 17, 2006, Ku6.com went into online trial operation, which was the last one to get online among more than 200 video sites founded at that year. But no one would know that Ku6.com would be the first one to be listed in the stock market.
On September 10, 2006, China Original Union was established. Ku6.com created the leading video marketing idea – UGA, and put forward the slogan of “Make Money Together, Make Ideas Together”, which was a completely fresh idea in the industry.
2007
In March, 2007, Ku6.com established strategic cooperation with Baidu and provided Baidu with video service support to realize a win-win situation. At the same time, Baidu provided Ku6 with strategic investment to help Ku6 become the hottest video site in the year.
In May, 2007, Ku6.com obtained the first round financing capital and gained more than 10 million U.S. dollars from Draper Fisher Jurvetson (DFJ) and DT Capital Partners, which created a 13-day financing myth. Ms. Zhang Xi from DFJ was really an important person to provide timely help when Ku6 was in difficulty.
2008
On June 5, 2008, Ku6.com became the first video sharing website to gain license issued by SARFT and began to lead the industry of “privately owned” video sites. At the same time, Ku6.com earned the second investment with several newly added funders such as UMC and SBI.
In August, 2008, Ku6.com, together with cctv.com, became the exclusive VOD partner of 2008 Olympic Games and then took advantage of this event, Ku6.com greatly improved its flow and influence to become the top video site in China.
2009
On November 27, 2009, Ku6.com joined Shanda Group officially and merged with Hurray to be listed, becoming the first listed video site worldwide and also the first listed site since the domestic 2.0 pioneering wave in China. Preliminarily speaking, it realized its entrepreneurship ideal.
In December, 2009, Ku6.com held news release conference in Beijing, Shanghai and Guangzhou with the theme of “New Pattern, Big Dream” and declared to invest 300 million yuan for overall copyright protection so as to become the flagship of copyright video sites among its counterparts.
2010
On January 22, 2010, Ku6.com held press conference to announce that it occupied 70% market share solely in home-made hottest plays, leading the domestic video site industry and its copyright promotion also received favorable comments.
In February, 2010, Ku6.com exclusively broadcasted live the Spring Festival Galas of seven TV stations, providing netizens with wonderful Spring Festival Galas through the new media for the first time in China. It was welcomed by many netizens and also created a new mode of live broadcast.
In March, 2010, Ku6.com reported the National People's Congress(NPC) and National Committee of the Political Consultative Conference and its rich and comprehensive reports showed its authority as mainstream video site media and reflected the power of new media.
On March 31, 2010, “Ku6 Theater” went online officially, which marked the separation of long and short videos of Ku6.com and the official birth of China’s hulu mode. Meanwhile, Ku6.com won the right to exclusively broadcast the new edition of the “Four Classic Novels” online through the video sharing platform, which attracted wide attentions in the industry.
On April 23, 2010, Ku6.com reached FIFA World Cup cooperation with CNTV and became the first video site to cooperate with 2010 FIFA World Cup South Africa. Meanwhile, Ku6.com’s exclusive nested videos broadcasted real-time World Cup games.
On May 5, 2010, Ku6.com moved to Zhengtong Times Creating Park and Ku6.com would stand on a new higher starting point to take off and realize bigger dreams.
On June 1, 2010, Hurray gave up wireless and music business and Ku6.com was independently listed in the stock market ahead of time.
On July 18, 2010, data from several third party authoritative companies showed that during the period of FIFA World Cup South Africa, Ku6.com ran first in the aspect of flow, contents and income and became the biggest winner of video sites.
$3.2 million share repurchase program
Some of this buying pressure could be part of the company's repurchase program. Hopefully there will be an update on the cc and that the shares will be cancelled by the company to increase value
KUTV CFO Interview
Executive summary: Ku6 (NASDAQ: KUTV), one of China’s major online video sites, said it will transform into a UGC (user-generated content) website similar to Youtube. Like other Chinese online video sites, Ku6 is still losing money at present, with a net operational loss of $21.6 million in the second quarter. But Xiaotong Shen, CFO of Ku6 media, said the company has set a timetable to reach profitability. Shen also said the company will shift to a new advertising platform that will boost profitability.
On August 30, Shen had an online interview with iChinaStock investors about the company’s strategies and business prospects. Ku6 is a subsidiary of Shanda Interactive (NASDAQ: SNDA).
Below are excerpts of the conversation.
1) Ku6 will become more like Youtube
Q: How do you position Ku6 as a brand?
Mr. Shen: We aim to build Ku6 into a technology-powered, UGC-oriented website with fresh content.
Q: That’s a clearly defined goal. What are the major obstacles for you in achieving this goal?
Mr. Shen: We have to optimize users’ experience and keep the cost as low as possible. Progress in every respect has to be shown in the financial results.
Q: You mentioned “Ku6 is undergoing a major transformation” during the Q2 conference call. Can you give us some details about the transformation?
Mr. Shen: First, we are trying to make Ku6 a community website featuring short videos, similar to Youtube. Second, we are shifting the main source of advertisement revenue to AA commercials (Applied Advertising is a new online advertising platform adopted by Shanda Interactive Entertainment Limited, the parent company of Ku6).
2) Will share ad revenue with users who upload video
Q: What is ku6’s strategy to encourage users to generate content on the website? Statistics show that Youku had an average of 70,000 videos uploads every day in the second quarter. What is the number for Ku6?
Mr. Shen: We are testing some new online communities and will add a number of personalized functions. We will be sharing ad profits with our users in a bid to encourage them to upload videos. At the moment, we are not ready to reveal the number of video uploads as things are still at the early stage. We welcome various forms of cooperation, especially exclusives.
Q: It seems for now that Ku6 is largely UGC oriented and that performance-based advertising is going to play a bigger part of its future. What is your arrangement for sharing profit with users who upload videos along with commercials?
Mr. Shen: That depends on content and traffic flow. Anyway, we encourage you to upload, so as to enjoy a share of profits from advertising.
3) Transforming into a performance-based advertising platform
Q: You noted that “Ku6 will focus on the AA (Applied Advertising) strategy” during the call. Could you elaborate on that? How much did revenue did brand advertising contribute to your total revenue? And how will the proportion change in the second half of the year?
Mr. Shen: Applied advertising is something like performance-based advertising, by which advertisers and agents from the advertising union bid for a place on the website of Ku6 by means of an automatic system and pay us according to how many times their commercials are clicked. Brand advertising contributed 80% of the total revenue from advertising and applied advertising 20%. The latter number is expected to rise steadily in the second half of the year. But we are not able to give you an accurate prediction as AA is something new.
Q: Did Ku6 have more advertisers in the second quarter than in the first one of this year?
Mr. Shen: There is no point in comparing the numbers of advertisers in the two quarters since AA was not introduced until the second quarter.
Q: Why does Ku6 prefer performance-based ads, as most video websites are still using brand advertising. Is it something about cost concerns?
Mr. Shen: When the amount of advertising grows beyond a certain level, you can actually have more applied than brand advertising as the former is less costly and thus higher in profit margin.
Q: You’ve got to meet several prerequisites to have performance-based advertising: 1) massive traffic flow; 2) a large number of users; 3) a technology to match the two. But apparently Ku6 does not have strong advantages in these respects. What’s your comment on this shift from brand advertising to AA?
Mr. Shen: We are working hard on AA. And I think it will work out pretty well as the traffic flow increases. We will, in the meantime, keep developing necessary technology and capacity to take advantage of the new platform.
4) Ku6 to stop purchasing long-form videos
Q: Can you describe for us the future of Ku6’s Yunzhong Theatre? There is no longer access to it on the site’s navigation bar (including news, entertainment, comedy, talents etc.). Will you give it up in the future?
Mr. Shen: Long videos will not be a major focus of our website in the future. Some have raised the question about how we are using our copyright fund. The answer is that we will spend it mainly on encouraging users to upload videos and on purchasing our company-made videos.
Q: The cost of contents for Ku6 stood at $5.6 million in the second quarter and only $400,000 of them were spent on buying new videos. Was the rest of the $5.2 million spent on previous purchases?
Mr. Shen: We counted the cost of all existing copyright contracts into the total of that quarter.
Q: Commercials on Ku6 and several other websites are becoming longer and longer, which annoys users very much. Was that due to the rising cost of copyrights and bandwidth? How can the problem be solved?
Mr. Shen: Actually, we have seen lower costs of copyright and bandwidth. Anyway, we will focus on increasing users’ satisfaction rather than unreasonably lengthening commercials.
5) We have a timetable for reaching profitability
Q: Ku6 experienced a net operational loss of $21.6 million in the second quarter this year, an increase by 98.2% compared with $10.9 million in the same period of last year. What caused the larger loss?
Mr. Shen: The loss in the second quarter, non-cash costs (copyrights, bad debts, devaluation of intangible assets, cost of reconstruction, etc.) excluded, was around $10 million, pretty much the same as that of the first quarter. The net outflow of cash in Q2 amounted to around $7 million, 30% less than that in Q1. Things are therefore heading in the right direction. But it is not yet the time to predict when we will make a profit.
Q: Does Ku6 have a timetable to reach profitability?
Mr.Shen: There is one within the company. But we decide to keep it from the public media for the time being in the interest of fair disclosure.
6) Ku6 will shut down its online radio business
Q: What strategy does Ku6 employ in producing its own videos? And what other programs are available among its mobile services?
Mr. Shen: We will keep producing our own programs. Cooperation with producers affiliated to SNDA is also likely. That will be a case of what is referred to as synergy.
Q: The financial report reveals that Ku6’s long-standing business breaks down into two: a portal website for online video and online radio. Why does Ku6 continue with the online radio?
Mr. Shen: It claims only a marginal proportion of business and will soon be closed down.
Q: Does Ku6 feel a greater pressure from Youku and Tudou’s IPO? Any plans to make the company more attractive in the capital market?
Mr. Shen: It represents investors’ recognition of the online video industry that some of our peers have been listed. We will step up the introduction and promotion of our company at the right time. Over the last 12 months, we have attended 4 or 5 investor conferences, and have done some road-shows for non-financing purposes.
7) 5% of commercials come from SNDA
Q: What has SNDA provided to Ku6 besides money?
Mr. Shen: The cooperation between SNDA and Ku6, both of whom are independently listed companies, is legitimate and well-grounded. We mobilize what resources we have, like contents and users, for mutual gain. 5% of the commercials that are run on Ku6 come from SNDA.
Q: What is your observation on the development of online video communities, seeing that Qiyi launched one such virtual community named Qitan earlier this year? Any similar plans for Ku6? From your perspective, is there a better way to secure user loyalty besides building online video communities?
Mr. Shen: We are working on a new online community to provide personalized and streamlined functions for users.
Q: What do you think of Sina’s purchase of Tudou’s shares? Do you think of it as mere financial investment?
Mr. Shen: Any investment that is made into a video website represents a vote of confidence in the industry. We are not in the position to comment on it.
Link to KUTV CFO Interview
too bad tomorrow isn't another weekday or else we would have gotten a nice big gap at the open.
mm's might be short. this is a pretty thinly traded stock and when the volume pours in, it likes to runnnnnnnnnnnnnnnn
Perfect intraday pattern here. stops under 2.. tighter stop around 2.07
Blast off coming - just plowed through 100k on the ask at 1.99 in the matter of seconds
Volume is starting to surge!!!!
It's time to boogey!!
Playing with resistance at 2.05
If the volume surges 100% or greater, I'd say we might finish the week at +$3
we should break out of a bullish wedge prior to earnings on a volume spike,
Maybe Jack Ma has something to do with what's about to happen
Volume should surge once $2.05 is cleared
It's the downtrend resistance line since KUTV spiked to $4
IMHO once we clear this hurdle, we should be on our way back to $4
Company just clarified earning on March 8th before the open
BEIJING, Feb. 28, 2012 /PRNewswire-Asia/ -- Ku6 Media Co., Ltd., (Nasdaq: KUTV - News) ("Ku6" or the "Company"), a leading Internet television company in China, will announce its unaudited financial results for the fourth quarter and fiscal year 2011 on Thursday, March 8, 2012. The earning release will be available on Ku6's corporate website at: http://ir.ku6.com.
Ku6's management team will host a conference call on Thursday, March 8, 2012 at 7:30 a.m. EST, which is Thursday, March 8, 2012 at 8:30 p.m. in Beijing and Hong Kong, to present an overview of the company's financial performance and business operations.
Now Yahoo has earnings as March 2nd
I have to assume there will be a PR on Monday to clarify the ER date
Never was a big volume stock. All the China plays start out small. You just have to hope once they are discovered that there are no shenanigans going on with the books. Cause when these little guys get discovered and accumulated, they will run.
From Last Q numbers:
Total revenues from continuing operations were $4.2 million, up 5.0% from $4.0 million in the second quarter of 2011, and down 2.3% from $4.3 million in the third quarter of 2010. Performance advertising revenue increased continuously and accounted for 72.3% of total revenue in the quarter, as compared to 19.9% in the second quarter of 2011.
That Performance Advertising Revenue is crucial here. As you see, revenues was up just $200k from the preceding Q, but it accounted for 72.3% of the revenue vs. just 19.9% and the loss decreased significantly. It seems PAR is picking up and with the new YouTube agreement, might see a nice exponential jump in revenue and a big profit later this year.
From Last Q numbers:
Net loss from continuing operations was $13.0 million, down 39.8% from a loss of $21.6 million in the second quarter of 2011, and up 2.4% from a loss of $12.7 million in the third quarter of 2010.
why the low volume?
haha
Something is going on with alibaba - stock was halted pending an announcement that the company is going to go private. If Jack Ma really thinks KUTV is the future of YouTube, then I'm sure he will take a big stake in the company
Maybe this will come out during earnings in 10 days
hope im in the day before....lol
The Jack Ma rumors may have had something to do with the spike as well
If the investment actually happens, (or has happened) it would easily solidify this stock in the $5 - $10 range, if not higher. That would be quite a confidence boost in KUTV.
you tube sounded good but then the pps just went flat and stopped
Earnings on Feb 24th - probably get more details on YouTube
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