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0 -0.00657894736842106 0 0 -0.00328947368421046 -0.00276315789473683 -0.00986842105263151 0.0197368421052632
Stockreport

Wecast Network -3.7% after swing to profit [Seeking Alpha]

WECAST NETWORK INC (WCST)  More Company Research Source: Seeking Alpha
US:NASDAQ Investor Relations: corporate.wecastnetworkinc.com
PDF Wecast Network (NASDAQ: WCST ) is after a quarter of transformation where revenue increased more than 25-fold due to new business it took over at the beginning of the year. Revenues were $33.2M (vs. a year-ago $1.3M), and cost of revenues -- mainly electronic product purchasing costs from Wecast Services -- was up to $29.3M. Gross margin fell to 11.5% from 27.9% after the company shifted Wecast Services from its legacy You On Demand business. The company moved its conference call to 4:15 p.m. today. It's not guiding for Q2 but reiterates full-year revenue guidance for $300M. Press release Now read: Neonode -23.6% as loss narrows but disappoints » [Read more]

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