China Digital TV Holding Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015
November 17, 2015 at 05:00 pm EST
Share
China Digital TV Holding Co., Ltd. announced unaudited consolidated earnings results for the third quarter ended September 30, 2015. For the quarter, the company's total revenues were $10.7 million compared with $17.2 million a year ago. Loss from operations in the third quarter of 2015 was $1.0 million, as compared to an income from operations of $2.3 million in the prior year period. Net loss attributable to holders of ordinary shares in the third quarter of 2015 was $0.5 million or $0.01 per diluted share, as compared to a net income attributable to holders of ordinary shares of $1.5 million or $0.02 per diluted share in the prior year period. Non-GAAP net loss attributable to holders of ordinary shares in the third quarter of 2015 was $0.44 million, as compared to a non-GAAP net income attributable to holders of ordinary shares of $1.7 million in the prior year period. Cash flow generated from operations was approximately $0.8 million. Net revenues were $10.5 million compared with $16.96 million a year ago. Loss before income taxes was $0.51 million compared with income of $2.6 million a year ago.
The company's net revenues in the fourth quarter of 2015 are expected to be in the range of $10.6 million to $11.2 million.
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.
China Digital TV Holding Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015