China Finance Online Co., Ltd. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2015
December 15, 2015 at 04:31 pm EST
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China Finance Online Co., Ltd. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported net revenues of $36,954,000 against $21,138,000 a year ago. Loss from operations was $12,924,000 against income from operations of $1,934,000 a year ago. Income before income tax expenses was $11,870,000 against loss before income tax expenses of $848,000 a year ago. Net income attributable to company was $9,738,000 against net loss of $2,406,000 a year ago. Net loss per diluted share was $0.08 against net loss per basic and diluted share of $0.02 a year ago.
For the nine months, the company reported net revenues of $73,770,000 against $64,916,000 a year ago. Loss from operations was $9,985,000 against income from operations of $16,653,000 a year ago. Income before income tax expenses was $14,506,000 against loss before income tax expenses of $13,320,000 a year ago. Net income attributable to company was $12,473,000 against net loss of $10,783,000 a year ago. Net loss per diluted share was $0.10 against net loss per basic and diluted share of $0.10 a year ago.
China Finance Online Co. Limited is a Web-based financial services company in China. The Company provides Chinese retail investors with online access to securities and commodities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers. The Company operates through three segments: commodities brokerage services, online financial information and advisory service, and other related services in the People's Republic of China (PRC), and Hong Kong brokerage services. The Company offers financial software, information services and securities investment advisory services to retail investors in China. Through its subsidiary, Shenzhen Genius Information Technology Co., Ltd., the Company provides financial database and analytics to institutional customers, including domestic financial, research, academic and regulatory institutions.