Tom Online (ticker: TOMO) reported Q2 2005 earnings results
that beat consensus revenue estimates but were in-line with consensus earnings per ADS estimates. Key stats from the quarter:
(all percentage changes and comparisons are year on year, unless stated otherwise)
- Revenue rose 38.5% to $42.8 million vs consensus estimate of $37.95 million.
- Revenue rose 21.2% sequentially.
- Wireless Internet revenue rose 41.0% to $40.7 million, and rose 21.6% sequentially.
- SMS revenue rose 2.0% to $15.4 million, and rose 22.3% sequentially.
- MMS revenue rose 29.3% to $2.6 million, and rose 36.7% sequentially.
- WAP revenue rose 122.0% to $7.8 million, and rose 5.0% sequentially.
- IVR revenue rose 26.0% to $10.3 million, and rose 23.6% sequentially.
- CRBT revenue rose 21.9% sequentially to $3.3 million.
- Online advertising revenue fell 3.9% to $1.8 million, but rose 15.9% sequentially.
- Gross margin was 41.6% vs 50.6%, and 39.4% in Q1 2005.
- Operating expenses rose 33.9% to $8.5 million.
- Sales and marketing expenses were flat at $2.0 million.
- G&A expenses rose 115.1% to $5.9 million.
- Product development expenses rose 72.9% to $358,000.
- EBITDA fell 3.3% to $11.3 million, but rose 13.0% sequentially.
- Operating income rose 0.4% to $9.3 million, and rose 15.8% sequentially.
- Operating margin was 21.8% vs 30.1%, and 22.8% in Q1 2005.
- Net income rose 1.8% to $10.2 million, and rose 11.8% sequentially.
- Net margin was 23.9% vs 32.6%.
- Earnings per ADS of $0.195 vs consensus estimate of $0.20.
- Total revenue of $42.0 - $43.5 million vs consensus estimate of $41.4 million.
Balance Sheet (as of June 30, 2005)
- Cash and equivalents of $52.0 million.
- Short-term bank deposits of $1.5 million.
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