Nq Mobile Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Reports Impairment Charge for the Fourth Quarter Ended December 31, 2016
For the full year, the company's total net revenues were $343,050,000 against $406,691,000 a year ago. Loss from operations was $111,813,000 against $33,891,000 a year ago. Loss before income taxes was $134,046,000 against income of $8,726,000 a year ago. Net loss attributable to the company was $140,822,000 or $0.2857 per Class A and Class B basic and diluted share against loss of $1,303,000 or $0.0028 per Class A and Class B basic and diluted share a year ago. Net loss per ADS, basic and diluted was $1.4285 against $0.0140 a year ago. Non-GAAP income from operations was $13,418,000 against loss of $5,969,000 a year ago. Non-GAAP net income attributable to the company was $8,531,000 against $349,281,000 a year ago. Non-GAAP earnings per ADS, diluted were $0.0855 against $0.5176 a year ago. Net cash used in operating activities was $12.0 million. Net cash used in operating activities was $40.6 million.
Impairment of goodwill and intangible assets in the fourth quarter of 2016 was $98.9 million as the result of a one-time, non-cash impairment of goodwill and intangible assets.