China Finance Online Co., Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. Net revenues for the first quarter of 2015 were $13.7 million, a decrease of 41% from $23.2 million for the corresponding period in 2014. Gross profit was $10.3 million, a decrease of 42% from $17.8 million in the first quarter of 2014 and a decrease of 29% from $14.4 million in the fourth quarter of 2014. Loss from operations was $3.5 million, compared with a loss of $0.6 million in the first quarter of 2014 and a loss of $1.8 million in the fourth quarter of 2014. Net loss attributable to company was $1.3 million or $0.01 per basic and diluted share, compared with a loss of $2.0 million or $0.02 per basic and diluted share in the first quarter of 2014 and a net income of $3.6 million in the fourth quarter of 2014. Fully diluted loss per ADS was $0.06 for the first quarter of 2015, compared with a loss of $0.09 for the first quarter of 2014. Loss before income tax expenses was $2,694,000 against income before income tax expenses of $10,000 a year ago.

The company expects an improved second quarter with a net revenue around $22.0 million, an increase of 7% from $20.6 million for the corresponding period in 2014 and an increase of 61% from $13.7 million in the first quarter of 2015.