CNET
ChinaNet Online Holdings, Inc.NASDAQ
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  • Tue, Nov. 15, 8:52 AM
    • ChinaNet Online (NASDAQ:CNET) has logged Q3 earnings that saw improvement in gross profit and narrower operating and net losses.
    • Net loss came to $1.5M vs. a loss of $2.1M in the year-ago quarter. Gross profit improved 39.8% to $2M.
    • Despite a company pivot into higher margin businesses than TV advertising, gross margin fell to 17% from 17.1% due to an increase in lower-margin revenues from search engine marketing services.
    • Cash outflows from operations for the nine months were $1.9M; the company has $1.2M in cash and equivalents, working capital of $9.8M and a current ration of 2.3 to 1.
    • Conference call to come tomorrow at 8:30 a.m. ET.
    • Press Release
    | Tue, Nov. 15, 8:52 AM
  • Tue, Nov. 15, 7:40 AM
    • ChinaNet Online (NASDAQ:CNET): Q3 EPS of -$0.13
    • Revenue of $11.9M (+40.0% Y/Y)
    • Press Release
    | Tue, Nov. 15, 7:40 AM
  • Mon, Aug. 22, 12:44 PM
    | Mon, Aug. 22, 12:44 PM
  • Thu, Aug. 18, 4:55 PM
    • ChinaNet Online Holdings (CNET +1.7%) has announced a 1-for-2.5 reverse split of its common stock.
    • The move -- intended to boost share price to meet Nasdaq's $1.00 minimum bid requirement -- is effective with the commencement of trading tomorrow. Shares had last traded for $1.00 in summer 2015.
    • The action reduces the number of shares of common stock outstanding to about 12.2M form the previous 30.4M. Fractional shares will be rounded up to a full share.
    | Thu, Aug. 18, 4:55 PM
  • Tue, Aug. 16, 1:28 PM
    • ChinaNet Online (NASDAQ:CNET) has gained 5% following a Q2 earnings report where gross profits grew 10% on sharply higher margin.
    • The company has shifted from low-margin TV advertising more into its data service system, which has "begun to pay off" with solid sequential growth in its Internet advertisement and data services segment. Revenues did fall 11.9% Y/Y on declining TV ad sales.
    • Net loss of $1.3M compared to a year-ago loss of $1.2M.
    • The company had $2.9M in cash and equivalents at quarter's end, and working capital of $10.2M.
    • Press Release
    | Tue, Aug. 16, 1:28 PM
  • Tue, Aug. 16, 7:33 AM
    • ChinaNet Online (NASDAQ:CNET): Q2 EPS of -$0.04
    • Revenue of $8.44M (-11.9% Y/Y)
    • Press Release
    | Tue, Aug. 16, 7:33 AM
  • Mon, Aug. 1, 12:09 PM
    • ChinaNet Online (CNET +3.1%) is teaming up with Dark Horse Club to provide marketing for restaurants in China.
    • The company's deal is with the restaurant division of Dark Horse Club, an entrepreneurs network in the country.
    • It will provide data-driven marketing services to members of Dark Horse's industry network, centering on its Super Harbor app (including a membership and point system honoring dining loyalty).
    • Restaurants are an attractive market again, says CEO Cheng Handong, with annual sales of more than 3T yuan in 2015 (about $450B) and annual growth of about 12%.
    | Mon, Aug. 1, 12:09 PM
  • Tue, May 17, 9:19 AM
    • ChinaNet Online (NASDAQ:CNET) posted higher gross profit and a narrower operating loss in its Q1 results as improvements in Internet ads and data partly made up for a declining search engine marketing business.
    • Net loss was $1.4M ($0.05/share) vs. a year-ago loss of $1.8M, and operating loss narrowed to $1.4M from a year-ago loss of $2.1M.
    • Gross profit was up 87% to $1.6M. Consolidated gross margin rose to 31.7% from a year-ago 15%; gross margin in its Internet advertising and data services business grew to 43% from the prior 27%.
    • It had $3.7M in cash and equivalents, compared to $5.5M at year-end 2015.
    | Tue, May 17, 9:19 AM
  • Tue, May 17, 7:04 AM
    • ChinaNet Online (NASDAQ:CNET): Q1 EPS of -$0.05
    • Revenue of $5.1M (-10.5% Y/Y)
    | Tue, May 17, 7:04 AM
  • Thu, Apr. 14, 4:34 PM
    • ChinaNet Online (NASDAQ:CNET): FY15 EPS of -$0.29
    • Revenue of $32.26M (-15.0% Y/Y)
    | Thu, Apr. 14, 4:34 PM
  • Nov. 16, 2015, 5:54 PM
    • ChinaNet Online (CNET -7.6%) is 1.2% lower after hours after its Q3 results showed gross profit and revenues declining nearly 30% each.
    • Gross margin was 17.3%, up from a year-ago 17.2%. Operating expenses increased to $4.1M.
    • Revenue by segment: Internet ads & related services, $8.46M (down 15.2%); TV ads, $19,000 (down 99%); Bank kiosks, $22,000 (down 68.1%); Brand management & sales channel building, $45,000 (down 79.3%).
    • The company had $1.9M in cash and equivalents on Sept. 30 and working capital of $13.9M.
    • Conference call to come tomorrow at 8:30 a.m. ET.
    | Nov. 16, 2015, 5:54 PM
  • Nov. 16, 2015, 5:50 PM
    • ChinaNet Online (NASDAQ:CNET): Q3 Non-GAAP EPS of -$0.06
    • Revenue of $8.5M (-29.8% Y/Y)
    | Nov. 16, 2015, 5:50 PM
  • Sep. 9, 2015, 11:26 AM
    • ChinaNet Online (CNET -2.1%) has received a listing notice from Nasdaq based on 30 days under a minimum bid price of $1.
    • The company has 180 calendar days (until March 7) to regain compliance by reaching a minimum bid of $1/share for 10 consecutive business days during the time frame.
    | Sep. 9, 2015, 11:26 AM
  • Aug. 19, 2015, 9:11 AM
    • ChinaNet Online (NASDAQ:CNET) is up 20.2% premarket after saying it's partnering with Baidu on a sales lead generation service to connect businesses with Chinese entrepreneurs.
    • The service, "The GOOD Business of China," takes advantage of Baidu's Tieba forum posting platform to provide "online-to-offline" services -- online marketing and data exchange, and search and roadshow features.
    • The launch just over a week ago has brought 45 businesses that have pledged up to RMB100M funding support to qualified entrepreneurs. More than 100 businesses are waiting to be added, the company says.
    • Previously: ChinaNet Online reports Q2 results (Aug. 17 2015)
    | Aug. 19, 2015, 9:11 AM
  • Aug. 17, 2015, 7:33 AM
    • ChinaNet Online (NASDAQ:CNET): Q2 EPS of -$0.03
    • Revenue of $9.6M (-7.7% Y/Y)
    | Aug. 17, 2015, 7:33 AM
  • Jul. 1, 2015, 9:18 AM
    | Jul. 1, 2015, 9:18 AM | 5 Comments