China Digital Tv Holding Co., Ltd. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for Second Quarter of 2016
May 18, 2016 at 04:00 am IST
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China Digital TV Holding Co., Ltd. reported consolidated unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported total revenues of $13,188,000 compared with $14,358,000 for the same period last year. Income from operations was $1,878,000 compared with $1,221,000 for the same period last year. Income before income taxes was $2,382,000 compared with $1,536,000 for the same period last year. Net income attributable to holders of ordinary shares was $1,159,000 or $0.02 diluted per share compared with $363,000 or $0.01 diluted per share for the same period last year. Net income attributable to China Digital TV Holding Co., Ltd. shareholders - Non-GAAP was $1,181,000 compared with $449,000 for the same period last year.
The company expects smart card shipment volumes in the second quarter of 2016 to be in the range of 2.0 million to 2.3 million. Net revenues in the second quarter of 2016 are expected to be in the range of $7.2 million to $8.2 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. Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2016; Provides Earnings Guidance for Second Quarter of 2016