China Digital TV Holding Co., Ltd. reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $14,358,000 compared with $18,572,000 for the same period last year. Income from operations was $1,221,000 compared with $3,782,000 for the same period last year. Income before income taxes was $1,536,000 compared with $4,756,000 for the same period last year. Net income attributable to holders of ordinary shares was $363,000 or $0.01 diluted per share compared with $4,056,000 or $0.07 diluted per share for the same period last year. Net income attributable to China Digital TV Holding Co., Ltd. shareholders - Non-GAAP was $449,000 compared with $4,377,000 for the same period last year.

The company expects smart card shipment volumes in the second quarter of 2015 to be in the range of $2.1 million to $2.4 million. Net revenues in the second quarter of 2015 are expected to be in the range of $8.77 million to $9.93 million.