AI
China Finance Online Revenues Up 24% Quarter-Over-Quarter
Fri, May 30, 2008 internet
China Finance Online Co. Limited (Nasdaq: JRJC), a Chinese online financial information and listed company data provider, today announced its financial results for the first quarter ended March 31, 2008.
Through its websites, http://www.jrj.com and http://www.stockstar.com, the company provides individual users with subscription-based service packages delivered through the Internet or through mobile handsets. It also provides financial information database and analytics to institutional customers including domestic securities and investment firms.
During the first quarter of 2008, China Finance Online reported net revenues of $11.06 million, exceeding the high end of the Company's previously updated guidance of $10.50 to $10.80 million. This compared to $4.0 million for the same period in 2007, and $8.88 million for the fourth quarter of 2007, up 177% year-over-year and 24% quarter-over-quarter. The increase is primarily due to the growth in subscription service fees from individual customers.
Revenues from subscription service fees paid by individual customers were $9.62 million in the first quarter of 2008, representing 87% of net revenues for the quarter. Net income was $3.51 million, compared to net income of $775,000 for the first quarter of 2007 and net loss of $8.37 million for the fourth quarter of 2007.
http://www.redlinechina.com/main/?q=node/875
My posting is for my own entertainment, do your own DD
Fri, May 30, 2008 internet
China Finance Online Co. Limited (Nasdaq: JRJC), a Chinese online financial information and listed company data provider, today announced its financial results for the first quarter ended March 31, 2008.
Through its websites, http://www.jrj.com and http://www.stockstar.com, the company provides individual users with subscription-based service packages delivered through the Internet or through mobile handsets. It also provides financial information database and analytics to institutional customers including domestic securities and investment firms.
During the first quarter of 2008, China Finance Online reported net revenues of $11.06 million, exceeding the high end of the Company's previously updated guidance of $10.50 to $10.80 million. This compared to $4.0 million for the same period in 2007, and $8.88 million for the fourth quarter of 2007, up 177% year-over-year and 24% quarter-over-quarter. The increase is primarily due to the growth in subscription service fees from individual customers.
Revenues from subscription service fees paid by individual customers were $9.62 million in the first quarter of 2008, representing 87% of net revenues for the quarter. Net income was $3.51 million, compared to net income of $775,000 for the first quarter of 2007 and net loss of $8.37 million for the fourth quarter of 2007.
http://www.redlinechina.com/main/?q=node/875
My posting is for my own entertainment, do your own DD
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