China TechFaith (CNTF) Reports Q4 Loss of $0.07/ADS

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Go back to China TechFaith (CNTF) Reports Q4 Loss of $0.07/ADS

TechFaith Reports Fourth Quarter and Full Year 2014 Financial Results

March 11, 2015 7:00 AM EDT

BEIJING, March 11, 2015 /PRNewswire/ -- China TechFaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2014.

For the fourth quarter of 2014, TechFaith reported total net revenues of US$25.9 million compared to US$21.5 million in the third quarter of 2014 and US$31.2 million in the fourth quarter of 2013. The increase in net revenues from the third quarter of 2014 primarily reflected increased revenue from the Company's ODP business.  Gross profit for the fourth quarter of 2014 was... More