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$NQ $80 million share buyback should run today... new CEO Teofilo Stevenson.
https://ih.advfn.com/showcase/q89gyc
https://ih.advfn.com/showcase/75eflz
https://ih.advfn.com/showcase/evr6iz
https://ih.advfn.com/showcase/1n4qzp
https://ih.advfn.com/showcase/snmvke
https://ih.advfn.com/showcase/6l7eez
https://ih.advfn.com/showcase/lddv5m
https://ih.advfn.com/showcase/a4z8tl
https://ih.advfn.com/showcase/l3yy2h
https://ih.advfn.com/showcase/h1f74u
https://ih.advfn.com/showcase/ez6cpa
$NQ NetQin Mobile Analysts expected the average price target of $0.000000000000000013
https://ih.advfn.com/showcase/vnwkqf
https://ih.advfn.com/showcase/g5ytz6
https://ih.advfn.com/showcase/nest6s
https://ih.advfn.com/showcase/k6xgqv
https://ih.advfn.com/showcase/6tthpx
https://ih.advfn.com/showcase/2hxjow
https://ih.advfn.com/showcase/9jxab4
https://ih.advfn.com/showcase/a29j47
https://ih.advfn.com/showcase/rtvpje
https://ih.advfn.com/showcase/74vya5
https://ih.advfn.com/showcase/9lmuar
https://ih.advfn.com/showcase/njlbp2
https://ih.advfn.com/showcase/wvnq58
https://ih.advfn.com/showcase/qfmhxg
https://ih.advfn.com/showcase/oiv9l6
https://ih.advfn.com/showcase/i14vv1 * few coins remaining
$NQ Inks Exclusivity Deal with Amerindo LLC
https://www.prnewswire.com/news-releases/link-motion-appoints-former-general-manager-of-microsoft-greater-china-as-executive-vice-president-and-head-of-link-motions-smart-ride-business-300606458.html
https://ih.advfn.com/showcase/vnwkqf
https://ih.advfn.com/showcase/g5ytz6
https://ih.advfn.com/showcase/nest6s
https://ih.advfn.com/showcase/k6xgqv
https://ih.advfn.com/showcase/6tthpx
https://ih.advfn.com/showcase/fj5si4
https://ih.advfn.com/showcase/wrw3ik
https://ih.advfn.com/showcase/7zdbd7
https://ih.advfn.com/showcase/oiv9l6
https://ih.advfn.com/showcase/a29j47
https://ih.advfn.com/showcase/9jxab4
https://ih.advfn.com/showcase/2hxjow
* https://ih.advfn.com/showcase/rtvpje
$NQ Appoints Former General Mngr of Yahoo as Executive Vice President & Head of Smart Ride Business
https://www.prnewswire.com/news-releases/link-motion-appoints-former-general-manager-of-microsoft-greater-china-as-executive-vice-president-and-head-of-link-motions-smart-ride-business-300606458.html
https://ih.advfn.com/showcase/vnwkqf
https://ih.advfn.com/showcase/g5ytz6
https://ih.advfn.com/showcase/nest6s
https://ih.advfn.com/showcase/k6xgqv
https://ih.advfn.com/showcase/6tthpx
https://ih.advfn.com/showcase/fj5si4
https://ih.advfn.com/showcase/wrw3ik
https://ih.advfn.com/showcase/7zdbd7
https://ih.advfn.com/showcase/oiv9l6
$NQ Today In Blockchain: KodakCoin, AMERI, NQ Mobile
https://www.benzinga.com/news/21/12/11014673/today-in-blockchain-kodakcoin-ameri-nq-mobile
https://ih.advfn.com/showcase/vnwkqf
https://ih.advfn.com/showcase/g5ytz6
https://ih.advfn.com/showcase/nest6s
https://ih.advfn.com/showcase/fj5si4
https://ih.advfn.com/showcase/wrw3ik
https://ih.advfn.com/showcase/7zdbd7
https://ih.advfn.com/showcase/oiv9l6
https://ih.advfn.com/showcase/oan8gn
Even Without the Fraud Allegations, NQ Mobile Is Still Highly Overvalued
https://ih.advfn.com/showcase/oan8gn
https://ih.advfn.com/showcase/3smbdz
https://ih.advfn.com/showcase/fj5si4
NQ has to do a lot of cleaning house to get their financials and their reporting in order to be trusted by Western investors.
https://ih.advfn.com/showcase/3tnhrt
https://ih.advfn.com/showcase/n6fonc
https://ih.advfn.com/showcase/8jf95y
https://ih.advfn.com/showcase/c61n8o
https://ih.advfn.com/showcase/q1455r
https://ih.advfn.com/showcase/zqoxoq
I'm not looking at this report thru rose-colored glasses but NQ has to do a lot of cleaning house to get their financials and their reporting in order to be trusted by Western investors.
https://ih.advfn.com/showcase/3tnhrt
https://ih.advfn.com/showcase/n6fonc
https://ih.advfn.com/showcase/8jf95y
NQ Company buying back $80 MILL worth of shares
http://ih.advfn.com/p.php?pid=nmona&article=64895114
https://ih.advfn.com/showcase/aebfue
https://ih.advfn.com/showcase/coc6cw
https://ih.advfn.com/showcase/h181ft
https://ih.advfn.com/showcase/i8v19n
https://ih.advfn.com/showcase/qpiwfl
https://ih.advfn.com/showcase/rvu39o
https://ih.advfn.com/showcase/yvwync
https://ih.advfn.com/showcase/fmlxft
This thing dropped like a rock since October.
https://ih.advfn.com/showcase/zvz226
https://ih.advfn.com/showcase/xcmmaw
https://ih.advfn.com/showcase/lg5xh7
https://ih.advfn.com/showcase/an3xdk
https://ih.advfn.com/showcase/zc8gvg
https://ih.advfn.com/showcase/f9wy93
https://ih.advfn.com/showcase/hxam18
https://ih.advfn.com/showcase/aju2cv
https://ih.advfn.com/showcase/m6qln7
https://ih.advfn.com/showcase/l891y3
$NQ EV Company News For The Month Of November 2021
https://ih.advfn.com/faucet/3mawpr
https://ih.advfn.com/faucet/8y388y
https://ih.advfn.com/faucet/ar2xrb
https://ih.advfn.com/faucet/wlx815
https://ih.advfn.com/faucet/w8hweu
https://ih.advfn.com/faucet/kzxjrg
https://ih.advfn.com/faucet/b6xqn5
https://ih.advfn.com/showcase/an3xdk
https://ih.advfn.com/showcase/zvz226
https://ih.advfn.com/showcase/c4ft6v
https://ih.advfn.com/showcase/xcmmaw
https://ih.advfn.com/showcase/lg5xh7
https://ih.advfn.com/showcase/zc8gvg
* * $NQ Chairman's Letter To Holders
https://ih.advfn.com/faucet/3mawpr
https://ih.advfn.com/faucet/8y388y
https://ih.advfn.com/faucet/ar2xrb
https://ih.advfn.com/faucet/wlx815
https://ih.advfn.com/faucet/w8hweu
https://ih.advfn.com/faucet/kzxjrg
https://ih.advfn.com/faucet/b6xqn5
https://ih.advfn.com/showcase/an3xdk
https://ih.advfn.com/showcase/zvz226
https://ih.advfn.com/showcase/c4ft6v
https://ih.advfn.com/showcase/xcmmaw
https://ih.advfn.com/showcase/lg5xh7
$NQ LINK MOTION’S “CARBRAIN” INTEGRATING AI & BLOCKCHAIN IN THE
CARPUTER
http://link-motion.com/papers/link_motion_car_brain_ai_block_chain.pdf
https://ih.advfn.com/faucet/3mawpr
https://ih.advfn.com/faucet/8y388y
https://ih.advfn.com/faucet/ar2xrb
https://ih.advfn.com/faucet/wlx815
https://ih.advfn.com/faucet/w8hweu
https://ih.advfn.com/faucet/kzxjrg
https://ih.advfn.com/faucet/b6xqn5
$LKM Link Motion Inc, formerly $NQ NQ Mobile Inc., is a mobile internet service provider. The Company mainly provides smart cars and smart driving operation services. The Company mainly operates two major business activities: Smart Travel business and Smart Car business. The Smart Travel business mainly provides services through online booking and time-sharing. The Smart Car business mainly provides consumers with differentiated in-car experience services. $NQ Board has moved to >> https://investorshub.advfn.com/Link-Motion-Inc-LKM-35642/
$NQ Link Motion Announces Wednesday, March 14, 2018 as Effective Date for Corporate Name and Ticker Symbol Change on the New York Stock Exc https://www.prnewswire.com/news-releases/link-motion-announces-wednesday-march-14-2018-as-effective-date-for-corporate-name-and-ticker-symbol-change-on-the-new-york-stock-exchange-300612207.html
At the 2018 Geneva Motor Show, electric cars finally took over
http://www.wired.co.uk/article/electric-cars-geneva-motor-show-2018
$NQ NQ Mobile shareholders approve name/ticker change to https://www.briefing.com/Investor/PopupPages/ArticlePopup.aspx?ArticleId=IN20180227083226NQ
$NQ Appoints Former General Mngr of Microsoft Greater China as Executive Vice President & Head of Smart Ride Business
https://www.prnewswire.com/news-releases/link-motion-appoints-former-general-manager-of-microsoft-greater-china-as-executive-vice-president-and-head-of-link-motions-smart-ride-business-300606458.html
$NQ was $21 in 2013. Scalp. Bounce play
https://www.barnesandnoble.com/w/the-everything-guide-to-managing-and-reversing-pre-diabetes-gretchen-scalpi/1029390085?ean=9781440510779
$NQ NQ Mobile Hartwell J M Limited Partnership Has $828,000 Position in NQ Mobile Inc ( NYSE NQ ) https://ledgergazette.com/2018/02/14/nq-mobile-inc-nq-position-lowered-by-hartwell-j-m-limited-partnership.html
$NQ someone is buying everyday. green green green
After Hours Time (ET) After Hours Price After Hours Share Volume
17:39:12 $ 2.13 Low 10
16:02:02 $ 2.17 2,360
16:02:01 $ 2.17 200
16:00:15 $ 2.22 High 100
16:00:11 $ 2.21 100
16:00:08 $ 2.2019 5,295
$NQ NQ Mobile Engages MZ Group to Lead Strategic Investor Relations and Shareholder Communication Program
NQ Mobile, Inc. ("NQ Mobile" or the "Company" NYSE: NQ), a leading smart car and smart ride company, has engaged international IR specialists MZ Group (MZ) to lead a comprehensive strategic investor relations and financial communications program across all key markets.
MZ Group will work closely with NQ Mobile management to develop and execute a comprehensive capital markets strategy designed to increase the Company's visibility throughout the investment community. This structured campaign will highlight NQ Mobile's recent business successes including its divestiture of non-core assets, acquisition of Link Motion and positioning to become a leading services and technology platform for the connected car of the future.
On February 27, 2018, NQ Mobile will hold an extraordinary general meeting where the Company's shareholders will consider, and if thought fit, officially approve the complete rebranding effort around its new focus as a smart car and smart ride company. In conjunction, NQ Mobile will change its name from "NQ Mobile Inc." to "Link Motion Inc." and change its ticker from "NQ" to "LKM." Under this new business name, NQ Mobile will strive to redefine the value and significance the vehicle has in people's lives through a "smart ride service" that enables passengers to most efficiently utilize their riding time in any way they desire.
Link Motion's core product offering is the Link Motion CarBrain Platform, a technology-enabling platform that brings software-defined car capabilities to car makers. The CarBrain integrates software and hardware solutions, addressing the performance needs for security, entertainment, display, telematics and driving services, among other applications. This fully integrated OS and hardware platform will replace the myriad of electronic control unit complexities while providing car makers with a robust and secure solution, over-the-air (OTA) updates and a fully connected car.
Link Motion's core service offering is the Smart Ride Business, which will link passengers with a passenger-centric and services-oriented smart car, and will ultimately be powered by Link Motion's CarBrain platform. The ride sharing business will provide riders with a differentiated set of services and applications in a connected and intelligent "Smart Space" service and car. This disruptive methodology creates a new ecosystem for the next generation of ride sharing.
MZ has developed a distinguished reputation as a premier resource for institutional investors, brokers, analysts and private investors. The firm has six offices across North America, a strong presence in Asia and LatAm, and maintains extensive relationships with investors throughout Europe. Additionally, MZ Group was recently ranked the No. 1 consultancy in Latin America and No. 7 in the world in business communication.
Managing Director and Head of MZ North America's Orange County Office, Chris Tyson, will be advising NQ Mobile in all facets of corporate and financial communications, including the coordination of roadshows and investment conferences across key cities and building brand awareness with the financial media.
"NQ Mobile has spent the last few years foundation building and preparing the Company to become a leader in the connected car environment and we believe the integration of Link Motion now positions the Company as a services and technology platform of the future," commented Ted Haberfield, President of MZ North America. "With an estimated $100 billion car services market opportunity in China alone, we look forward to conveying Link Motion's unique investment thesis in conjunction with their upcoming rebranding and Summer 2018 rollout of their new Smart Ride Business in China."
"We have been preparing our organization, our business strategies, and an industry ecosystem for the future with Link Motion," stated Matt Mathison, Vice President of Capital Markets of NQ Mobile. "An important part of our rebranding efforts and ultimate future focus as a smart car and smart ride Company, also involves bringing in advisors and strategic leaders who can help us with our entire investor, shareholder and financial analyst communication strategy. We are confident that MZ will help us capitalize on our overall business efforts and help us to execute a comprehensive strategy and enhance our awareness with the investment community."
About MZ Group
MZ, founded in 1999, combines capital markets intelligence, global investor targeting, IR technology, corporate governance, media and corporate communication and IR consulting, providing comprehensive programs that successfully build and manage shareholder value. With a team of highly experienced senior professionals and an integrated service portfolio, MZ ensures that companies are provided with the right tools and strategies to interact effectively with the investment community and the media, successfully conveying the investment message. MZ's market intelligence, advisory and tactical support activities for investor relations and corporate communications programs are underpinned by a comprehensive IT infrastructure, allowing companies to rapidly achieve global standards of best practices. For more information, please visit www.mzgroup.us.
About NQ Mobile Inc.
NQ Mobile Inc. ("NQ Mobile" or the "Company" NYSE: NQ) is a leading smart ride business. Link Motion's portfolio of offerings includes enabling technology solutions and secure connected carputers for the ecosystem of car businesses, consumer ride sharing services, as well as legacy mobile security, productivity and other related applications. For more information on Link Motion, please visit www.lkmotion.com.
https://www.prnewswire.com/news-releases/nq-mobile-engages-mz-group-to-lead-strategic-investor-relations-and-shareholder-communication-program-300597839.html
$NQ NetQin Mobile Analysts expected the average price target of $13 that is probable to reach in coming one year period. https://www.analystsbuzz.com/2018/02/14/nq-mobile-inc-nq-analyst-price-target-update/
$13 coming. $NQ Patience is a virtue.
That article reads like a horoscope. NQ won't see $3.00 this year let alone $13.00. Might put a bid today on $1.50.
$NQ NQ Mobile Inc. Developments in its Smart Ride Business by Forming a Partnership with Hangzhou First Technology Co., Ltd.
https://www.prnewswire.com/news-releases/nq-mobile-inc-announces-further-developments-in-its-smart-ride-business-by-forming-a-partnership-with-hangzhou-first-technology-co-ltd-300594136.html
$NQ Analysts expected the average price target of $13 that is probable to reach in coming one year period. https://www.analystsbuzz.com/2018/02/14/nq-mobile-inc-nq-analyst-price-target-update/
$NQ NQ Mobile Inc. Releases a Letter to Shareholders from the Chairman of the Board
NQ Mobile Inc., a leading smart car and smart ride company, today released a letter to shareholders from Dr. Vincent Wenyong Shi, Chairman of the Board. The complete letter is included below:
Dear Shareholders,
When I accepted the position of Chairman of the Board in 2014, I was focusing on two priorities. The first was to make sure our business was positioned for the future development, and second was for our shareholders to recognize the value of what we had already created. In order to seize the opportunities arising from the smart car industry, and to position the company for that future development, the company acquired a controlling stake of Linkmotion Holdings Ltd., a smart car company in 2015. In addition, we also unveiled the future roadmap of our rebranding business plan around our new focus as a smart car and smart ride company in January 22, 2018. To fulfill the second objective, we set out on a path to divest and monetize many of our existing smartphone related businesses that would not be a part of our smart car related business focus in the future.
Looking back over this monetization effort, our goal was to sell certain existing businesses for cash and for the underlying value of our businesses to ultimately be unlocked and recognized by our shareholders.
The divestment and sales process took much longer than anticipated, for a variety of reasons that were outside of our control. This extended length of time, combined with the adjustments in ultimate divestment and sales path, has led to shareholders' uncertainties and concerns during and subsequent to the completion of the divestment and sales transaction. I'd like to share some information related to this divestment and sales transaction in order to clear up any lingering questions that our shareholders may have.
First, I believe that all material aspects of the FL Mobile divestment and the sale of Beijing Showself's live social video businesses were publicly disclosed, including my participation and role in the purchasing group. Any related party elements pertaining to my involvement in the purchasing group were considered by the Board's independent directors and audit committee, who approved all relevant matters with the support of professional appraiser. Second, Tongfang Investment Fund Series SPC ("Tongfang") is an independent third party that led the purchasing group, which I joined anew for this specific transaction, to purchase from the Company certain equity interests of FL Mobile and Beijing Showself. I have been facilitating the transaction and acted as a trustee for our Company when the purchasing group requested that the shares should be registered under a new individual shareholder to satisfy structural arrangements related to future capital market requirements of the divested assets. The arrangements are made to ensure the successful completion of the transaction. The transaction completed on December 14, 2017, and the total consideration received by us as of December 14, 2017 amounted to approximately RMB3.32 billion in cash and senior note from Tongfang. The majority of the cash received has been in Chinese currency, which factors into our overall cash and treasury functions especially as it relates to foreign currency needs under the tight regulation of the Chinese foreign exchange body.
While the prolonged process and complications associated with the divestment and sales transaction left undesired uncertainties and frustrations among the shareholders, I believe the outcome will be undeniably positive for our future. The Company's cash, cash equivalents, term deposits and restricted cash as of the last reported results on September 30, 2017 totaled $248.8 million. Between September 30, 2017 and December 31, 2017, the Company also received approximately $220 million more in cash from Tongfang. In addition, the Company has a senior note from Tongfang worth approximately RMB1.77 billion that bears interest of 8% per annum. Our cash and equivalents position has put NQ Mobile in a strong position to address future smart car and smart ride business opportunities.
An important part of our monetization plans contemplated leveraging our cash balance position to achieve specific shareholder friendly actions including buybacks. On November 13, 2017, the board authorized the Company to repurchase up to US$150 million of its shares or convertible notes over the next 12 months and to date we have used $93 million. This included the early redemption of $88 million of the Company's outstanding convertible notes and about $5 million for the repurchase of ADSs on the open market. The average price of the ADSs repurchased so far is $3.95.
As we have completed our divestment and sales transaction, it is important to focus on our new business and we are excited about our future. The management team is moving forward swiftly and expect to commercially launch our smart ride business in the summer. This will include forming more partnerships that will be important to the ecosystem around this unique passenger-centric service. These partnerships will continue to validate the opportunity and we look forward to sharing these with you in the coming weeks and months ahead.
I am keenly aware of the past frustrations among shareholders, but want you to know that our plans and goals were specifically initiated to help us be poised for what we are doing right now in our business plans. We must now deliver and execute on these business objectives and earn the confidence of our shareholders again. We will also continue to share our progress with our shareholders and communicate with the market as we deliver results.
On behalf of the Management Team, I wish to express appreciation and gratitude for all of your support and patience. We are well positioned for the future and are determined to enable our shareholders to benefit from our businesses going forward.
With sincerity and determination,
Vincent
About NQ Mobile Inc.
NQ Mobile Inc. ("Link Motion" NYSE: NQ) is a leading smart ride business. Link Motion's portfolio of offerings includes enabling technology solutions and secure connected carputers for the ecosystem of car businesses, consumer ride sharing services, as well as legacy mobile security, productivity and other related applications. For more information on Link Motion, please visit http://www.lkmotion.com.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Investor Relations:
NQ Mobile Inc.
Email: investors@nq.com
Phone: +1 303 885 8688
Phone: +86 10 6452 2017
Twitter: @NQMobileIR
SOURCE NQ Mobile Inc.
Related Links
http://www.nq.com
https://www.prnewswire.com/news-releases/nq-mobile-inc-releases-a-letter-to-shareholders-from-the-chairman-of-the-board-300595039.html
$NQ NQ Mobile Inc. Releases a Letter to Shareholders from the Chairman of the Board
NQ Mobile Inc., a leading smart car and smart ride company, today released a letter to shareholders from Dr. Vincent Wenyong Shi, Chairman of the Board. The complete letter is included below:
Dear Shareholders,
When I accepted the position of Chairman of the Board in 2014, I was focusing on two priorities. The first was to make sure our business was positioned for the future development, and second was for our shareholders to recognize the value of what we had already created. In order to seize the opportunities arising from the smart car industry, and to position the company for that future development, the company acquired a controlling stake of Linkmotion Holdings Ltd., a smart car company in 2015. In addition, we also unveiled the future roadmap of our rebranding business plan around our new focus as a smart car and smart ride company in January 22, 2018. To fulfill the second objective, we set out on a path to divest and monetize many of our existing smartphone related businesses that would not be a part of our smart car related business focus in the future.
Looking back over this monetization effort, our goal was to sell certain existing businesses for cash and for the underlying value of our businesses to ultimately be unlocked and recognized by our shareholders.
The divestment and sales process took much longer than anticipated, for a variety of reasons that were outside of our control. This extended length of time, combined with the adjustments in ultimate divestment and sales path, has led to shareholders' uncertainties and concerns during and subsequent to the completion of the divestment and sales transaction. I'd like to share some information related to this divestment and sales transaction in order to clear up any lingering questions that our shareholders may have.
First, I believe that all material aspects of the FL Mobile divestment and the sale of Beijing Showself's live social video businesses were publicly disclosed, including my participation and role in the purchasing group. Any related party elements pertaining to my involvement in the purchasing group were considered by the Board's independent directors and audit committee, who approved all relevant matters with the support of professional appraiser. Second, Tongfang Investment Fund Series SPC ("Tongfang") is an independent third party that led the purchasing group, which I joined anew for this specific transaction, to purchase from the Company certain equity interests of FL Mobile and Beijing Showself. I have been facilitating the transaction and acted as a trustee for our Company when the purchasing group requested that the shares should be registered under a new individual shareholder to satisfy structural arrangements related to future capital market requirements of the divested assets. The arrangements are made to ensure the successful completion of the transaction. The transaction completed on December 14, 2017, and the total consideration received by us as of December 14, 2017 amounted to approximately RMB3.32 billion in cash and senior note from Tongfang. The majority of the cash received has been in Chinese currency, which factors into our overall cash and treasury functions especially as it relates to foreign currency needs under the tight regulation of the Chinese foreign exchange body.
While the prolonged process and complications associated with the divestment and sales transaction left undesired uncertainties and frustrations among the shareholders, I believe the outcome will be undeniably positive for our future. The Company's cash, cash equivalents, term deposits and restricted cash as of the last reported results on September 30, 2017 totaled $248.8 million. Between September 30, 2017 and December 31, 2017, the Company also received approximately $220 million more in cash from Tongfang. In addition, the Company has a senior note from Tongfang worth approximately RMB1.77 billion that bears interest of 8% per annum. Our cash and equivalents position has put NQ Mobile in a strong position to address future smart car and smart ride business opportunities.
An important part of our monetization plans contemplated leveraging our cash balance position to achieve specific shareholder friendly actions including buybacks. On November 13, 2017, the board authorized the Company to repurchase up to US$150 million of its shares or convertible notes over the next 12 months and to date we have used $93 million. This included the early redemption of $88 million of the Company's outstanding convertible notes and about $5 million for the repurchase of ADSs on the open market. The average price of the ADSs repurchased so far is $3.95.
As we have completed our divestment and sales transaction, it is important to focus on our new business and we are excited about our future. The management team is moving forward swiftly and expect to commercially launch our smart ride business in the summer. This will include forming more partnerships that will be important to the ecosystem around this unique passenger-centric service. These partnerships will continue to validate the opportunity and we look forward to sharing these with you in the coming weeks and months ahead.
I am keenly aware of the past frustrations among shareholders, but want you to know that our plans and goals were specifically initiated to help us be poised for what we are doing right now in our business plans. We must now deliver and execute on these business objectives and earn the confidence of our shareholders again. We will also continue to share our progress with our shareholders and communicate with the market as we deliver results.
On behalf of the Management Team, I wish to express appreciation and gratitude for all of your support and patience. We are well positioned for the future and are determined to enable our shareholders to benefit from our businesses going forward.
With sincerity and determination,
Vincent
About NQ Mobile Inc.
NQ Mobile Inc. ("Link Motion" NYSE: NQ) is a leading smart ride business. Link Motion's portfolio of offerings includes enabling technology solutions and secure connected carputers for the ecosystem of car businesses, consumer ride sharing services, as well as legacy mobile security, productivity and other related applications. For more information on Link Motion, please visit http://www.lkmotion.com.
Forward Looking Statements
This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
Investor Relations:
NQ Mobile Inc.
Email: investors@nq.com
Phone: +1 303 885 8688
Phone: +86 10 6452 2017
Twitter: @NQMobileIR
SOURCE NQ Mobile Inc.
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$NQ NQ Mobile Inc. Announces Further Developments in its Smart Ride Business by Forming a Partnership with Hangzhou First Technology Co., Ltd.
https://www.prnewswire.com/news-releases/nq-mobile-inc-announces-further-developments-in-its-smart-ride-business-by-forming-a-partnership-with-hangzhou-first-technology-co-ltd-300594136.html
Anything around 3 bucks is a buying opportunity based on past performance IMHO. You can ride this back up to 4 and make a bundle. Just watch if this breaks thru 2.75 .. then I would worry.
$NQ EV Company News For The Month Of January 2018
https://seekingalpha.com/article/4141634-ev-company-news-month-january-2018
$NQ 20 - 100 Day MACD Oscillator Buy
50 - 100 Day MACD Oscillator Buy
No doubt shorts are using HFT to hold this down.
China, With Methodical Discipline, Conjures a Market for Electric Cars. Nearly half of all plug-in vehicles are sold in China, driven by relentless subsidies and regulations https://www.wsj.com/articles/china-with-methodical-discipline-takes-global-lead-in-electric-cars-1506954248
$NQ the beauty of having short sellers is 1) they ALWAYS have to buy back, 2) their buyback will get you to nirvana quicker than liquor.
$NQ NQ Mobile Inc. provides mobile Internet services in the People's Republic of China and internationally. The company provides products and services in the areas of mobile security, privacy, optimization, personalized cloud, and family protection. It operates through two segments, Consumer and Enterprise. The company offers NQ Mobile Security, a mobile security product that protects users' mobile data from viruses, malware, hackers, and spyware; NQ Mobile Vault, which helps users' control pictures, videos, contacts, SMS, and call logs; Android Booster and Super Task Killer that tune users' smart devices to achieve optimum performance; and cloud security SDK that allows third-party developers to incorporate the function to their applications and products. It also provides mobile entertainment applications and platforms, including VLife interactive wallpaper, a personalized interactive and programmable mobile desktop application that offers dynamic and themed-wallpaper, and desktop applications; and Doreso Music Radar, which provides automatic audio content recognition services In addition, NQ Mobile Inc. offers enterprise mobility solutions and services, including system management, application development, business intelligence, and maintenance services, as well as provides advertising services. The company was formerly known as NetQin Mobile Inc. and changed its name to NQ Mobile Inc. in April 2012. NQ Mobile Inc. was founded in 2005 and is headquartered in Beijing, the People's Republic of China.
https://finance.yahoo.com/quote/NQ?p=NQ
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NQ Mobile is a leading mobile security and productivity company, dedicated to protecting your mobile device and all the valuable information it holds. We have approximately 283 million registered user accounts in over 150 countries worldwide and a growth rate of 455,000 users per day, demonstrating a strong demand for mobile security.
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile Internet services. NQ Mobile is a mobile security pioneer with proven competency to acquire, engage, and monetize customers globally. NQ Mobile's portfolio includes mobile security and mobile games & advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market. As of December 31, 2012, NQ Mobile maintains a large, global user base of 283 million registered user accounts and 98 million monthly active user accounts through its consumer mobile security business, 65 million registered user accounts and 13 million monthly active user accounts through its mobile games & advertising business and over 1,200 enterprise customers. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile, please visit http://www.nq.com.
Our services cater to the needs of consumers and enterprises in the usage of their mobile devices and we believe we are well positioned to capture market opportunities presented by the rapidly evolving mobile Internet industry. Our cloud-client computing platform combines our cloud-side mobile security knowledge repository and our client-side applications to provide real-time mobile anti-malware, anti-spam, privacy protection, data backup and restore and other services to users worldwide. Leveraging our cloud-side resources, we believe we have compiled one of the most comprehensive mobile security knowledge repositories in the world, which continues to grow as new security threats are identified through our proprietary dynamic technology or through the contribution of security knowledge from our rapidly growing user base and mobile ecosystem participants. In addition, we offer user-centric client-side mobile security, privacy and productivity applications optimized for mobile devices. The continued growth of our mobile security repository and user base will help us maintain our global leadership and widen the gap between our competitors and us.
Our vision is to become the most trusted mobile Internet platform to consumers and enterprises. We began our business by offering consumers mobile security services to address fundamental and rapidly growing needs of mobile users. Building upon the success of our mobile security offerings, we expanded our service solutions to protect privacy and enhance productivity of mobile usage for consumers. We also extended mobile security and productivity products to families and enterprise customers. Our services are compatible with a wide range of handset models and almost all currently available operating systems for smartphones, including iOS, Android, Windows Phone and BlackBerry OS. We also collaborate closely with other mobile ecosystem participants, including chipmakers, handset manufacturers, wireless carriers, third party payment channels, retailers and other distribution channels in order to broaden the reach of our services and increase our revenues per user..
We offer services to users globally through a "Freemium" subscription business model. Our Freemium offerings provide users with free services and the ability to upgrade to a selection of premium services to meet individual needs. The scale of our services portfolio allows us to provide a wide range of free services to address fundamental user requirements. These free services allow us to build a large user base while enhancing user engagement and loyalty. We also offer a selection of fee-generating premium services to monetize our large user base. Such services are bundled with our free offerings for users who elect to pay for additional protection and enhanced productivity. We are able to renew a significant portion of the paying users of our premium services. Moreover, our back-end architecture, which is based on our proprietary business and operations support system (BOSS), enables us to analyze customer in-app usage behaviors data continuously and price our services dynamically.
Our current service offerings include:
• | Mobile Security: Our mobile security services "NQ Mobile Security" are designed to protect users from mobile malware threats, data theft and privacy intrusion. We provide mobile malware scanning, Internet firewall, account and communication safety, anti-theft, performance optimization, hostile software rating and reporting and other services. |
• | Mobile Privacy: Our mobile privacy product "NQ Mobile Vault" are designed to protect users' privacy. We provide functions that allow users to store and modify contacts, call logs, SMS, videos and pictures in a secure environment. |
• | Mobile Productivity: Our mobile productivity services: "NQ Mobile Guard" and "NQ Mobile Call Blocker" are designed to intelligently enhance time and relationship management, including screening incoming calls, filtering unwanted spam, SMS messages, protecting communication privacy and managing calendar activities. In addition, we offer cloud-side synchronization of personal data, including address books, text messages, calendars and other data. |
• | Personalized Cloud: We provide personalized cloud through "NQ Space", which is accessible by users across a variety of Internet-enabled devices. These services utilize synchronized user information to provide a tailored user experience and extend the functionalities of our core services. For example, mobile users' contact information which has been stored in the cloud can be used to seamlessly link calendar activities across related contacts. |
• | Family Protection: As Teen and Tween Smartphone Use Soars, we offer parents the product "NQ Family Guardian" to protect their children on smartphones. NQ Family Guardian's unique suite of services for safety and monitoring comprises a mobile app that is downloaded and installed on the child's smartphone along with a web-based control center that is accessible from any desktop or mobile browser. With this app, parents can set up browser block, app filter, contact filer, schedules, communication monitoring, geo-fences, location tracking and panic alarm to protect their children.. |
• | Enterprise Protection: As employees and knowledge workers increasingly use bring-your-own-device (BYOD) smartphones and mobile equipment for both business and personal use, keeping corporate owned information and sensitive employee data protected has become a significant concern for businesses and employees. We offer NQ Enterprise Shield which provides enterprise customers and their employees with the privacy and security features they need to protect their businesses by securing sensitive device data from mobile threats and unsecure mobile environments. |
Besides organic growth, NQ Mobile has also been actively looking for acquisitions to enhance its product and service offerings and expand channels.
NQ Mobile has acquired 55% of NationSky in May 2012. Founded in 2005, NationSky is a leader in providing mobile services to more than 1,000 enterprises in China. By working with carriers and smart phone platform providers, NationSky delivers device agnostic managed mobile services, mobile device management services and other mobile SaaS services. Headquartered in Beijing, NationSky also has offices in Shanghai and Shenzhen. By working with Nationsky, NQ Mobile will leverage Nationsky's over 1,200 enterprises customers in China to promote our enterprise security products and services.
NQ Mobile has acquired one-third interest in Hesine Technologies International Worldwide Inc.( "Hesine"), a wholly owned subsidiary of MediaTek and a premier mobile messaging solution provider in August 2012. MediaTek Inc. is a leading fabless semiconductor company for wireless communications and digital multimedia solutions.
Hesine's main product "Hissage" unifies all communication and messaging tools, including push email, webmail, blogging, social networking, instant messaging and others across various radio access technologies, wireless carrier¬¬¬s, and geographies. In addition to its push technology and messaging solution, Hesine offers a web suite that bridges Internet and mobile communications, allowing mobile users to conveniently and transparently manage or sync content. Hesine is currently available for iPhone, Android and Symbian operating systems. By working with Hesine, NQ Mobile has gained a large user base as potential customers for our various products and services.
NQ Mobile has acquired 100% of Feiliu to expand mobile internet services in November 2012. Founded in 2009, Feiliu is a leading mobile interest-based community platform with coverage in China that engages users in real-time mobile online activities. Feiliu provides application recommendation services, interest-based exchanges, and mobile games to its user communities. Feiliu has over 67 million registered users and 13 million monthly active users, distributes over 400,000 apps and is the #1 mobile online game distribution platform on iOS in China as of September 30, 2102, according to third party research firm Sino MR. Feiliu generates revenues mainly from mobile games and mobile advertising. NQ Mobile and Feiliu will leverage each others' products and services to further engage and monetize our large user base.
Since our inception, we have focused on building a large and engaged user base. Our user base has expanded rapidly in recent years. As of December 31, 2010, 2011 and 2012, we had 71.7 million, 146.7 million and 283.3 million cumulative registered user accounts, respectively. We had 23.2 million, 55.1 million and 119.4 million overseas registered user accounts as of December 31, 2010 and 2011 and 2012, respectively, representing 32.3%, 37.6% and 42.1% of our total registered user accounts as of the same dates. For the fourth quarter ended December 31, 2010, 2011 and 2012, we had 25.4 million, 52.3 million and 97.7 million monthly average active user accounts, respectively, and 3.2 million, 5.6 million and 8.9 million monthly average paying user accounts, respectively.
We generate revenue primarily through the sale of user subscriptions to our premium mobile security services, mobile games and advertising and the provision of enterprise mobility services. We have grown significantly since we commenced our operations. Our total net revenues were $17.7 million, $40.7 million and $91.8 million in the year ended December 31, 2010, 2011 and 2012, respectively. The contribution from our international operation increased from $6.2 million in 2010 to $17.7 million in 2011 and $35.7 million in 2012, demonstrating our rapidly expanding global footprint. We incurred a net loss of $9.8 million in 2010 and had a net income of $10.3 million and 9.4 million in 2011 and 2012, respectively. Our net loss/income amounts reflect the impact of non-cash share-based compensation expenses of $12.6 million, $10.7 million and $24.5 million in 2010, 2011 and 2012, respectively.
Our Industry
In the past decade, advances in wireless technologies and increasingly sophisticated yet affordable mobile devices have led to robust demand for mobile Internet services. Mobile entertainment and other functionalities have enabled mobile phones to symbolize a lifestyle and to no longer serve as a mere means of communication. As of December 31, 2011, there were 6.0 billion mobile subscribers worldwide, and the number of mobile subscribers worldwide is expected to reach 8.4 billion by the end of 2016.
Early mobile services were primarily based on short message service, or SMS, technology and were largely focused on other simple applications. Advancements in mobile technology and devices have led to the development of a new generation of advanced services, which address the need for more effective and efficient use of mobile devices. The increasing variety and complexity of applications and services available, including image-sharing, location-based services, emails, social network and personal information management, have integrated mobile devices usage as a part of our lives. Also, the advent of cloud platforms has further accelerated the demand and usage of mobile internet services.
Developers have created a large universe of mobile applications to meet growing user requirements. The applications developed started by addressing the needs of consumers and later extended to serving enterprises. The mass adoption of applications makes mobile devices increasingly susceptible to security threats due to the increasing mobile data traffic associated with mobile device usage. According to Cisco's VNI Mobile Forecast, global mobile data traffic was 597 Petabytes per month in 2011, the equivalent of 149 million DVDs each month or 1,646 million text messages each second, and is expected to grow approximately 18-fold from 2011 to 2016, reaching 10.8 Exabytes per month in 2016. The average smartphone generated 150 megabytes of mobile data traffic per month in 2011 and is expected to grow approximately 50-fold from 2011 to 2016, at a compound growth rate of 119% and representing 48% of total mobile data traffic in 2016. The proliferation of applications on mobile devices has led users to process and store more personal data on mobile devices, and has created the need for third-party mobile services to help users protect privacy, manage their personal data and privacy protection more efficiently, and optimize the performance, security and privacy of their mobile devices in a secure environment.
Our Competitive Strengths
We believe the following strengths enable us to proactively identify the trends of the mobile industry and develop innovative services to address user needs, thus making us a pioneer of the fast-growing mobile security, privacy and productivity services industry:
• | leading position in the mobile security, privacy and productivity services market with a large and fast-growing global user base, | ||
• | comprehensive and flexible Freemium subscription-based service offering, | ||
• | sophisticated and proprietary business and operation support systems, | ||
• | proprietary technology and strong research and development capabilities, | ||
• | diversified user acquisition and payment channels based on strong relationships with key players in the mobile ecosystem, and | ||
• | global management team with strong industry track record. |
Our Strategies
We aim to become the most trusted mobile Internet cloud service company by providing trusted intelligent mobile experiences to our users. Our goal is to further expand and monetize our large and rapidly growing user base and become a global leader in the mobile security, privacy and productivity services industry. We intend to pursue the following strategies to achieve our goal of expanding and monetizing our user base:
• | further diversify and enhance our services portfolio, | ||
• | maintain and strengthen our technology leadership, | ||
• | further expand our business in overseas markets, | ||
• | strengthen and diversify collaborative relationships with key players in the mobile ecosystem, | ||
• | further build on our consumer brand while expanding into the enterprise market, and | ||
• | pursue strategic alliance and acquisition opportunities. |
Consumers today are increasingly using smartphones to do things like email, text, bank, share photos, play games, connect on social networking sites, video chat, and even pay bills. Our mobile phones have become mini-computers that we customize with apps to make our lives easier and more fun. However, because not all apps are safe and secure, mobile security is an absolute must.
NQ Mobile is a leading mobile security company that is devoted to mobile security and privacy protection. From malware and spyware to hackers, eavesdroppers, and stolen phones, with our free and premium offerings for Android, Windows Mobile, and iOS devices, you'll always be secure.
NQ Mobile Inc. is a leading global provider of mobile ?Internet services focusing on security, privacy and productivity. It was one of the first to recognize the growing security threats targeting smartphone users and is now an award-winning provider of Freemium subscription services with approximately 283 million registered user accounts in over 150 countries. NQ Mobile's proprietary, cloud-based security solution has been recognized by third-party testing facilities around the world as the most effective solution for detecting and combating mobile threats. NQ Mobile was bestowed the 2011 Technology Pioneer Award by the World Economic Forum for its technology leadership and innovation in mobile security.
NQ Mobile's proprietary "Cloud+Client" technology sets us apart from the competition. Each of our approximately 283 million registered user accounts is a part of our mobile security cloud, contributing new security knowledge to our database and helping us detect virus samples, malicious URLs, and other threats. This knowledge has given us the power to build the most sophisticated database on the market, which includes nearly one billion links and hundreds of thousands of apps for mobile devices.
As a result, NQ Mobile is first to identify 75% of global mobile threatsand strongly equipped to fight mobile threats better and faster than any other mobile security vendor.
Partner with NQ Mobile for best-in-class mobile security
Mobile Security Reports
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Get help downloading or viewing the above file types |
Investor Kit
Title | Size | Date | |
Download All Files (full investor kit) | 9.50 MB | 05/28/13 | |
2012 Annual Report (20F) | 1.00 MB | 04/19/13 | |
Investor Presentation | 3.66 MB | 05/28/13 | |
Investor FAQ | 105 KB | 09/15/11 | |
Company Factsheet | 573 KB | 01/10/12 | |
IPO Prospectus | 2.87 MB | 09/15/11 | |
WestCoast Labs Mobile Security Report (summary) | 87 KB | 10/25/11 | |
WestCoast Labs Mobile Security Report (full) | 231 KB | 10/25/11 | |
NQ Mobile Security Report, 2012 | 1.6 MB | 05/09/13 | |
NQ Mobile Security Tearsheet | 140 KB | 03/06/12 |
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Keyword Search |
2013 | 2012 | 2011 |
Firm | Analyst | |
Canaccord-Genuity | Michael Walkley | mwalkley@canaccordgenuity.com |
Oppenheimer | Andy Yeung | andy.yeung@opco.com |
Piper Jaffray | Mark Murphy | mark.r.murphy@pjc.com |
Topeka Capital Markets | Frederick Ziegel | fz@topekacapitalmarkets.com |
Wedge Partners | Jun Zhang | Jun.zhang@wedgepartners.com |
2013 Earnings Capsule |
Net revenues increased 108.0% year-over-year to
Income from operations, or operating income, increased 74.5% year-over-year to
Non-GAAP operating income[5] increased 77.9% year-over-year to
Net income attributable to
Non-GAAP net income[6] increased 64.0% year-over-year to
GAAP fully diluted Earnings per ADS was
Net cash flow generated from operations was
Deferred revenue was
Cumulative registered user accounts were 326.6 million as of
Average monthly active user accounts for the quarter ended
Average monthly paying user accounts for the quarter ended
Feiliu operated and distributed a total of 14 games on iOS and 36 games on Android platforms as of
"I am pleased to report that we started 2013 with a solid first quarter. We again achieved record revenue and began to realize the significant growth potential and synergy from the acquisition of NationSky and Feiliu," commented Dr.
"In the first quarter, our consumer mobile security business in the international markets continued its strong growth and accounted for approximately 56% of the total consumer mobile security revenues. Furthermore, our investment in the international markets has started to pay off as we have begun to see upward trends in operating margins," added
2012 Earnings Capsule |
NQ Mobile Inc. Announces Fourth Quarter and Fiscal Year 2012 Results |
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Co-founder, Chairman and Co-Chief Executive Officer
Co-Founder and Chief Operating Officer
Americas:
Chris Stier
chris.stier@nq.com
EMEA:
Geoff Casely
geoff@nq.com
customersupport@nq.com
FOLLOW NQ ON FACEBOOK: https://www.facebook.com/NQMobile
FOLLOW NQ ON TWITTER: https://twitter.com/NQMobile
NQ WEBSITE: http://en.nq.com/
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