Acorn International Reports Preliminary Financial Results for the Fourth Quarter and Full Year 2018
ACORN INTL (ATV)
US:NYSE Investor Relations:
acorninternationalir.com/home/category/press-release
Company Research
Source: PR Newswire
SHANGHAI, March 7, 2019 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), today announced its preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2018.Fourth Quarter 2018 Preliminary Financial HighlightsNet revenues increased 65.7% year-over-year in Q4 2018 to US$8.4 million Gross profit rose 65.8% year-over-year in Q4 2018 to US$5.9 million Gross margin remained stable year-over-year at 69.8% in Q4 2018 Income from continuing operations was US$1.7 million in Q4 2018, compared to a loss from continuing operations of US$1.0 million in Q4 2017 Net income was US$1.6 million in Q4 2018 as compared to net income of US$7.5 million in Q4 2017Full Year 2018 Preliminary Financial HighlightsFull year net revenues rose 40.2% in 2018 to US$28.4 million Gross profit increased 42.3% in 2018 to US$20.2 million Gross margin increased to 71.1% in 2018 from 70.1% in 2017 Income from continuing operations was US$2.9 million in 2
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