China Digital TV Holding Co., Ltd. Announces Unaudited Consolidated Financial Results for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015
August 14, 2015 at 02:33 am IST
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China Digital TV Holding Co., Ltd. announced unaudited consolidated financial results for the second quarter ended June 30, 2015. For the quarter, the company reported total revenues of USD 10.538 million against USD 17.438 million a year ago. Net revenues were USD 10.418 million against USD 17.159 million a year ago. The decrease was primarily due to a decrease in revenues from the sales of smart cards caused by the general market decline of the mature CAS business. Loss from operations was USD 0.760 million against income from operations of USD 3.255 million a year ago. Income before income taxes USD 0.008 million against USD 4.290 million a year ago. Net loss before net loss from equity method investments was USD 0.896 million against net income before net loss from equity method investments of USD 4.026 million a year ago. Net loss from equity method investments, net of income taxes was USD 0.042 million against USD 0.060 million a year ago. Net loss attributable to holders of ordinary shares was USD 0.657 million or USD 0.01 per basic and diluted share against net income attributable to holders of ordinary shares of USD 4.398 million or USD 0.07 per basic and diluted share a year ago. Net loss attributable to the company shareholders -Non-GAAP was USD 0.576 million against net income attributable to the company shareholders - Non-GAAP of USD 4.653 million a year ago. In the second quarter of 2015, cash flow generated from operations was approximately USD 6.6 million.
Based on information available as of August 13, 2015, the company expects smart card shipment volumes in the third quarter of 2015 to be in the range of 2.4 million to 2.7 million. Net revenues in the third quarter of 2015 are expected to be in the range of USD 11.1 million to USD 12.4 million.
China Digital TV Holding Co Ltd is a holding company mainly engaged in the provision of cloud platforms. Its cloud platforms provide cloud computing technology-based digital video delivery solutions to television and telecommunication network operators. The Company provides cloud gaming, cloud education, cloud virtual reality (VR), operational strategies and customer service systems through its cloud platforms. The Company is also engaged in the provision of products and services related to the VR technology, and technical support and services. The Company mainly conducts its businesses in the domestic market.
China Digital TV Holding Co., Ltd. Announces Unaudited Consolidated Financial Results for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015