SAN Beijing time on November 30 morning news, KongZhong (Nasdaq: KONG), today announced its unaudited financial results as of September 30 in the third quarter of fiscal 2011. The report shows that air network in the third quarter total revenue of $ 38,980,000,MBT Chapa GTX, an increase of 3% over the same period last year; a net loss of $ 17,260,000. Not included in the $ 20.26 million non-cash goodwill and intangible assets,Women Puma Repli Cat III Shoes, impairment losses, the KongZhong third quarter net profit to 300 million U.S. dollars, an increase of 157 percent over last year's $ 1.17 million.
in 2011 in the third quarter results:
income to achieve the desired KongZhong the third quarter of 2011 revenue of 3,898 million U.S. dollars, an increase of 3% compared to last year, to the company's previous forecast range of $ 38.5 million to $ 39.5 million.
gross profit lower than expected - Air Network in the third quarter of 2011 degrees total gross profit of 1,401 million U.S. dollars, lower than the company previously expected range of $ 14.5 million to $ 15.5 million.
net profit to achieve the desired KongZhong - in accordance with U.S. GAAP, in the third quarter of 2011 net loss of $ 17,260,000, which includes the impairment of intangible assets and goodwill of $ 20,260,000. Exclude this impairment charges, the 2011 third quarter net profit of 3 million U.S. dollars to the company's previous forecast range of 2.5-3.5 million U.S. dollars. In accordance with U.S. GAAP, the KongZhong per ADS in the third quarter loss of $ 0.42.
non-GAAP net profit is expected to - Air Network in the third quarter net profit of $ 4.72 million, the company previously expected range of 4000000-5000000 U.S. dollars. American depositary share, diluted earnings of $ 0.11.
cash and cash equivalents - As of September 30, 2011, KongZhong's cash and cash equivalents of $ 143 million per American Depositary Receipt holders of $ 3.5 in cash and cash equivalents. The above figures do not include short-term third-party entrusted loan of 2,199 million U.S. dollars.
Financial Analysis:
KongZhong third quarter degree of wireless value-added service revenue of 2,016 million U.S. dollars,Puma Soccer, down 1% sequentially, down 3 percent over the same period last year. The decrease was primarily because of the severe environment of the wireless value-added service.
KongZhong the third quarter of mobile gaming revenues of $ 10 million, a decrease of 9% the previous quarter, a decrease of 28% over the same period last year. The income from the stand-alone game for $ 9.7 million, a decrease of 8% sequentially. Stand-alone game revenues accounted for 97% of the overall mobile gaming revenues, 96% in the previous quarter, mobile gaming revenue accounted for 3% of the overall mobile gaming revenue in the previous quarter, this ratio is 4% .
KongZhong the third quarter of Internet online game revenue of $ 8.81 million, the previous quarter was reduced by 15%, but an increase of 198 percent over the same period last year. The amount of domestic online games revenue of $ 7.78 million the previous quarter decreased by 6%, but an increase of 219 percent over the same period last year. Overseas online game revenue of $ 1.04 million the previous quarter was reduced by 50%, but increased by 98 percent over the same period last year. Overseas online revenues accounted for 12 percent of gaming revenue in the third quarter of Internet network, this ratio was 20% in the last quarter.
KongZhong the third quarter of 2011, total gross profit of 1,401 million U.S. dollars, the overall gross profit margin was 36%.
KongZhong total wireless value-added services in the third quarter Gross profit was $ 6,130,000,Gucci Plain Glasses For Sale, compared with the previous quarter, a decrease of 15%, a decrease of 27% over the same period last year. KongZhong wireless value-added services in the third quarter degree of gross margin was 30%.
KongZhong mobile game in the third quarter gross profit was $ 3,620,000, reduced by 12% the previous quarter, a decrease of 28% over the same period last year. The KongZhong mobile game in the third quarter gross margin was 36%.
KongZhong online game in the third quarter gross profit of $ 4.26 million the previous quarter decreased by 25%, but increased by 99 percent over the same period last year. Degree in the third quarter gross margin was 48%.
KongZhong the third quarter of R & D expenses of $ 3,960,000 compared to $ 3,950,000 for the previous quarter,Adidas Predator X TRX FG, essentially flat.
selling expenses of $ 5,070,000, compared with $ 5,350,000 in the previous quarter, a decrease, the decrease was primarily due in the third quarter of 2011, KongZhong Group to reduce the world of tanks marketing.
administrative expenses of $ 2,940,000, compared with $ 2,Gucci Bikini Sale,960,000 in the previous quarter, a slight decrease.
As of September 30, 2011, the total number of air Wangyuan workers to 1,011 people, compared with 1,048 as of June 30, 2011, was essentially flat.
in accordance with U.S. GAAP, the KongZhong 2011 in the third quarter net loss of 1,726 million U.S. dollars, non-US GAAP, third quarter net profit of the air, for $ 4,720,000, respectively, American depositary share diluted loss of $ 0.42 and revenue of $ 0.11.
As of September 30, 2011, KongZhong's cash and cash equivalents of $ 143 million per American Depositary Share held cash and cash equivalents of $ 3.5. The above figures do not include short-term third-party entrusted loan of 2,199 million U.S. dollars.
business outlook:
company forecast fourth quarter of 2011, overall revenue will be $ 39 million to between $ 40 million, including wireless value-added services revenue is probably expected to be $ 19 million , the mobile gaming revenues are probably expected to be $ 7,000,000, and online game revenue of estimated $ 13.5 million.
company expects gross margin will be between $ 15 million to $ 16 million and operating income of $ 3,000,000 to $ 4 million, net income will be between $ 3 million U.S. dollars to 400 million non-GAAP net profit will be between $ 500 million to $ 6,000,000.
conference call:
earnings release, KongZhong will be the U.S. Eastern Time (Beijing time at 8:30 on November 30) conference call at 19:30 on the November 29 . Air network management layer will be present at the meeting, results and highlights and to answer the question of investors and analysts. Investors can also visit the KongZhong site ir.kongzhong.com, listen to the conference call and audio webcast.
share:> Related reports: The KongZhong November 30, the third-quarter earnings KongZhong announced $ 4.39 million second-quarter net profit of $ 15 million stock repurchase program KongZhong ring than profitability microblogging recommended | SAN official microblogging
in 2011 in the third quarter results:
income to achieve the desired KongZhong the third quarter of 2011 revenue of 3,898 million U.S. dollars, an increase of 3% compared to last year, to the company's previous forecast range of $ 38.5 million to $ 39.5 million.
gross profit lower than expected - Air Network in the third quarter of 2011 degrees total gross profit of 1,401 million U.S. dollars, lower than the company previously expected range of $ 14.5 million to $ 15.5 million.
net profit to achieve the desired KongZhong - in accordance with U.S. GAAP, in the third quarter of 2011 net loss of $ 17,260,000, which includes the impairment of intangible assets and goodwill of $ 20,260,000. Exclude this impairment charges, the 2011 third quarter net profit of 3 million U.S. dollars to the company's previous forecast range of 2.5-3.5 million U.S. dollars. In accordance with U.S. GAAP, the KongZhong per ADS in the third quarter loss of $ 0.42.
non-GAAP net profit is expected to - Air Network in the third quarter net profit of $ 4.72 million, the company previously expected range of 4000000-5000000 U.S. dollars. American depositary share, diluted earnings of $ 0.11.
cash and cash equivalents - As of September 30, 2011, KongZhong's cash and cash equivalents of $ 143 million per American Depositary Receipt holders of $ 3.5 in cash and cash equivalents. The above figures do not include short-term third-party entrusted loan of 2,199 million U.S. dollars.
Financial Analysis:
KongZhong third quarter degree of wireless value-added service revenue of 2,016 million U.S. dollars,Puma Soccer, down 1% sequentially, down 3 percent over the same period last year. The decrease was primarily because of the severe environment of the wireless value-added service.
KongZhong the third quarter of mobile gaming revenues of $ 10 million, a decrease of 9% the previous quarter, a decrease of 28% over the same period last year. The income from the stand-alone game for $ 9.7 million, a decrease of 8% sequentially. Stand-alone game revenues accounted for 97% of the overall mobile gaming revenues, 96% in the previous quarter, mobile gaming revenue accounted for 3% of the overall mobile gaming revenue in the previous quarter, this ratio is 4% .
KongZhong the third quarter of Internet online game revenue of $ 8.81 million, the previous quarter was reduced by 15%, but an increase of 198 percent over the same period last year. The amount of domestic online games revenue of $ 7.78 million the previous quarter decreased by 6%, but an increase of 219 percent over the same period last year. Overseas online game revenue of $ 1.04 million the previous quarter was reduced by 50%, but increased by 98 percent over the same period last year. Overseas online revenues accounted for 12 percent of gaming revenue in the third quarter of Internet network, this ratio was 20% in the last quarter.
KongZhong the third quarter of 2011, total gross profit of 1,401 million U.S. dollars, the overall gross profit margin was 36%.
KongZhong total wireless value-added services in the third quarter Gross profit was $ 6,130,000,Gucci Plain Glasses For Sale, compared with the previous quarter, a decrease of 15%, a decrease of 27% over the same period last year. KongZhong wireless value-added services in the third quarter degree of gross margin was 30%.
KongZhong mobile game in the third quarter gross profit was $ 3,620,000, reduced by 12% the previous quarter, a decrease of 28% over the same period last year. The KongZhong mobile game in the third quarter gross margin was 36%.
KongZhong online game in the third quarter gross profit of $ 4.26 million the previous quarter decreased by 25%, but increased by 99 percent over the same period last year. Degree in the third quarter gross margin was 48%.
KongZhong the third quarter of R & D expenses of $ 3,960,000 compared to $ 3,950,000 for the previous quarter,Adidas Predator X TRX FG, essentially flat.
selling expenses of $ 5,070,000, compared with $ 5,350,000 in the previous quarter, a decrease, the decrease was primarily due in the third quarter of 2011, KongZhong Group to reduce the world of tanks marketing.
administrative expenses of $ 2,940,000, compared with $ 2,Gucci Bikini Sale,960,000 in the previous quarter, a slight decrease.
As of September 30, 2011, the total number of air Wangyuan workers to 1,011 people, compared with 1,048 as of June 30, 2011, was essentially flat.
in accordance with U.S. GAAP, the KongZhong 2011 in the third quarter net loss of 1,726 million U.S. dollars, non-US GAAP, third quarter net profit of the air, for $ 4,720,000, respectively, American depositary share diluted loss of $ 0.42 and revenue of $ 0.11.
As of September 30, 2011, KongZhong's cash and cash equivalents of $ 143 million per American Depositary Share held cash and cash equivalents of $ 3.5. The above figures do not include short-term third-party entrusted loan of 2,199 million U.S. dollars.
business outlook:
company forecast fourth quarter of 2011, overall revenue will be $ 39 million to between $ 40 million, including wireless value-added services revenue is probably expected to be $ 19 million , the mobile gaming revenues are probably expected to be $ 7,000,000, and online game revenue of estimated $ 13.5 million.
company expects gross margin will be between $ 15 million to $ 16 million and operating income of $ 3,000,000 to $ 4 million, net income will be between $ 3 million U.S. dollars to 400 million non-GAAP net profit will be between $ 500 million to $ 6,000,000.
conference call:
earnings release, KongZhong will be the U.S. Eastern Time (Beijing time at 8:30 on November 30) conference call at 19:30 on the November 29 . Air network management layer will be present at the meeting, results and highlights and to answer the question of investors and analysts. Investors can also visit the KongZhong site ir.kongzhong.com, listen to the conference call and audio webcast.
share:> Related reports: The KongZhong November 30, the third-quarter earnings KongZhong announced $ 4.39 million second-quarter net profit of $ 15 million stock repurchase program KongZhong ring than profitability microblogging recommended | SAN official microblogging
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