Sungy Mobile -9.1% AH on EPS miss, light guidance

|About: Sungy Mobile Limited (GOMO)|By:, SA News Editor

While Sungy Mobile's (GOMO) Q1 revenue beat consensus by $300K, EPS missed by $0.04. Also, the company is guiding for Q2 revenue of RMB100M-RMB106M ($16M-$17M), below an $18M consensus.

"Accumulated" GO app users rose to 401M at the end of Q1 from 364M at the end of Q4, but paid app downloads fell by 100K to 500K. Monthly active users rose by 6M to 100M.

Gross margin was 67.2%, down from 75.1% in Q4 and up from 65.6% a year ago. Opex rose 107% Y/Y (exceeding rev. growth of 63%) to $8.7M.

Q1 results, PR