China Digital TV Holding Co., Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue of $29,227,000, income from operations of $11,850,000, income before income tax of $13,931,000, net income before net income from equity method investments of $10,332,000 and net income attributable to China Digital TV Holding Co., Ltd. shareholders of $10,937,000 or $0.18 per basic and diluted share against net revenue of $25,917,000, income from operations of $9,659,000, income before income tax of $10,871,000, net income before net income from equity method investments of $9,805,000 and net income attributable to China Digital TV Holding Co., Ltd. shareholders of $10,041,000 or $0.17 per basic and diluted share for the same period a year ago. Non-GAAP net income attributable to China Digital TV Holding Co., Ltd. shareholders was $11,067,000 against $10,434,000 for the same period a year ago.

For the year, the company reported net revenue of $81,533,000, income from operations of $21,216,000, income before income tax of $25,597,000, net income before net income from equity method investments of $19,224,000 and net income attributable to holders of ordinary shares of $20,890,000 or $0.34 per diluted share against net revenue of $87,164,000, income from operations of $21,336,000, income before income tax of $23,771,000, net income before net income from equity method investments of $23,044,000 and net income attributable to holders of ordinary shares of $24,408,000 or $0.41 per basic and diluted share for the same period a year ago.

For the first quarter of 2015, the company expects smart card shipments to be in the range of 2.9 million to 3.2 million. Net revenues are expected to be in the range of $13.4 million to $14.6 million.