China Finance Online (JRJC) Reports Q2 Loss of $0.37 on Revenues of $9.6M

China Finance Online (NASDAQ: JRJC) reported Q2 EPS of ($0.37). Revenue for the quarter came in at $9.6 million.

Second Quarter 2017 Financial Highlights

• Net revenues were $9.6 million, up from $8.7 million in the first quarter of 2017.
• Equity brokerage business grew 456.9% year-over-year and 8.3% quarter-over-quarter.
• Commodities brokerage business declined by 85.7% year-over-year.
• Gross margin was 52.9%, compared with 75.7% in the second quarter of 2016, but up from 46.4% in the first quarter of 2017.
• Total cash and cash equivalents, restricted cash and short-term investments were $44.8 million as of June 30, 2017.
• Net losses attributable to China Finance Online were $8.3 million, compared with a net loss of $11.6 million in the first quarter of 2017.
• China Finance Online\'s Robo-Advisor product outperformed its peer products in the Chinese market with 6.07% in the first 6 months of 2017.

For earnings history and earnings-related data on China Finance Online (JRJC) click here.

You May Also Be Interested In

• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance
• Innovaro (INV) Misses Q2 EPS by 9c
• Laird Superfood, Inc. (LSF) Misses Q2 EPS by 22c ; Offers Guidance