China Finance Online Co., Ltd. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net revenues were $20,599,000 compared with $7,591,000 a year ago. Net loss attributable to the company was $6,390,000 or $0.06 per basic and diluted share compared with $4,538,000 or $0.04 per basic and diluted share a year ago. Loss from operations was $14,075,000 against $4,733,000 a year ago. Loss before income tax expenses was $12,481,000 against $4,498,000 a year ago. Basic and diluted net loss per ADS attributable to the company was $0.29 compared with $0.21 a year ago. Non-GAAP net income attributable to the company was $301,000 compared with non-GAAP net loss attributable to the company of $4,385,000 a year ago. The increase in net loss was mainly due to the loss from impairments of intangible assets and goodwill.

For the six months, the company's net revenues were $43,778,000 compared with $13,095,000 a year ago. Net loss attributable to the company was $8,376,000 or $0.08 per basic and diluted share against $8,854,000 or $0.08 per basic and diluted share a year ago. Loss from operations was $14,719,000 against $9,325,000 a year ago. Loss before income tax expenses was $12,471,000 against $8,677,000 a year ago. Basic and diluted Net loss per ADS attributable to the company was $0.38 compared with $0.41 a year ago. Non-GAAP net loss attributable to the company was $1,151,000 compared with $8,524,000 a year ago.

The company recognized an impairment loss of intangible assets and goodwill of $1,802,000 and $8,150,000, respectively, during the second quarter of 2014. The loss was mainly caused by the company's restructuring of financial information and advisory services.