China Digital TV Holding Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 10, 2017 at 05:00 pm EDT
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China Digital TV Holding Co., Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company's total revenues were $1,270,000 compared with $933,000 a year ago. Net revenues were $1,262,000 compared with $938,000 a year ago. Loss from continuing operations were $1,668,000 compared with $1,975,000 a year ago. Net loss attributable to the company was at $870,000 compared with $1,619,000 a year ago. Basic and diluted loss per share was $0.014 compared with loss of $0.027 a year ago. Net loss from continuing operations was at $1,211,000 against $1,653,000 reported last year. Non-GAAP net loss attributable to China Digital TV Holding Co., Ltd. in the second quarter of 2017 was $0.7 million, as compared to net income of $2.4 million in the prior year period.
For the six months, the company's total revenues were $1,945,000 compared with $2,473,000 a year ago. Net revenues were $1,929,000 compared with $2,465,000 a year ago. Loss from continuing operations were $2,697,000 compared with $4,428,000 a year ago. Net loss attributable to the company was at $720,000 compared with $460,000 a year ago. Basic and diluted loss per share was $0.011 compared with loss of $0.007 a year ago. Net loss from continuing operations was at $1,055,000 against $4,183,000 reported last year.
China Digital TV Holding Co Ltd is a holding company mainly engaged in the provision of cloud platforms. Its cloud platforms provide cloud computing technology-based digital video delivery solutions to television and telecommunication network operators. The Company provides cloud gaming, cloud education, cloud virtual reality (VR), operational strategies and customer service systems through its cloud platforms. The Company is also engaged in the provision of products and services related to the VR technology, and technical support and services. The Company mainly conducts its businesses in the domestic market.