China Digital TV Holding Co., Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the Fourth Quarter, the company’s net revenues decreased by 34.8% to USD 0.778 million from USD 1.193 million in the prior year period. The decline in net Revenue was primarily due to decreased revenues from system development in the fourth quarter of 2016. Total revenues were USD 0.782 million against USD 1.195 million a year ago. Loss from operations was USD 2.749 million against USD 2.663 million a year ago. It remained relatively stable as compared with the prior year period. Loss before income tax expenses was USD 1.793 million against USD 2.310 million a year ago. Net loss before share of loss on equity method investments was USD 1.844 million against USD 2.395 million a year ago. Net loss from continuing operations was USD 1.844 million against USD 2.496 million a year ago. Net income attributable to holders of ordinary shares of the company increased to USD 46.336 million or USD 0.76 per diluted share from USD 2.298 million or USD 0.04 per diluted share in the prior year period. The increase was primarily due to the gain from the sale of Beijing Super TV. Net loss from continuing operations attributable to the company narrowed was by 47.6% to USD 1.333 million or USD 0.02 per basic and diluted share from USD 2.542 million or USD 0.04 per basic and diluted share in the prior year period. Non-GAAP net income attributable to holders of ordinary shares in the fourth quarter of 2016 increased to USD 46.937 million from USD 2.326 million in the prior year period. For the full year, the company’s net revenues increased by 120.2% to USD 4.228 million from USD 1.920 million in the prior year. The increase was primarily due to an increase in revenues from the cloud platform operations. Total revenues were USD 4.240 million against USD 1.922 million a year ago. Loss from operations in 2016 was narrowed by 39.5% to USD 9.430 million from USD 15.592 million in the prior year. Loss before income tax expenses was USD 8.142 million against USD 15.134 million a year ago. Net loss before share of loss on equity method investments was USD 8.256 million against USD 15.426 million a year ago. Net loss from continuing operations was USD 8.256 million against USD 15.527 million a year ago. Net income attributable to holders of ordinary shares of the company in 2016 increased to USD 45.418 million or USD 0.75 per basic and diluted share from USD 1.528 million or USD 0.02 per diluted share in the prior year. The increase was primarily due to gain from the sale of Beijing Super TV. Net loss from continuing operations attributable to the company was narrowed by 50.6% to USD 7.226 million or USD 0.12 per basic and diluted share in 2016 from net loss of USD 14.627 million or USD 0.24 per basic and diluted share in the prior year.