Acorn International (ATV) Reports Q3 Revenues of $8.3M

Acorn International (NYSE: ATV) reported Q3 EPS of $. Revenue for the quarter came in at $8.3 million.

• Net revenues increased 38.1% year-over-year in Q3 2018 to US$8.3 million
• Gross profit rose 39.6% year-over-year in Q3 2018 to US$6.1 million
• Gross margin increased to 73.2% in Q3 2018 from 72.4% in Q3 2017
• Income from continuing operations was US$1.5 million in Q3 2018 compared to a loss from continuing operations of US$0.2 million in Q3 2017
• Net income was US$3.8 million in Q3 2018 as compared to net income of US$2.3 million in Q3 2017
• Our business Acorn Entertainment expanded its client roster to include US sports, film, television, and music celebrity talent as well as brands looking to expand their presence in China
• Recorded Singles' Day Sales of RMB 13.6 million, up from RMB 7.8 million in 2017
• Signed cooperation agreement with influential media powerhouse Shanghai Media Group through one of its key content subsidiaries, Dragon Entertainment Group, to provide cross-border resources to support Acorn's influencer management business
• Acorn currently expects it will reach positive income from continuing operations (operational break-even) for the year 2018 for the first time in recent history

For earnings history and earnings-related data on Acorn International (ATV) click here.

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