Acorn International (ATV) Reports Q4 Loss of $0.51

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Go back to Acorn International (ATV) Reports Q4 Loss of $0.51

Acorn International Reports Fourth Quarter and Full Year 2014 Financial Results

May 13, 2015 8:02 AM EDT

SHANGHAI, May 13, 2015 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a marketing and branding company in China engaged in developing, promoting and selling products through complementary direct sales platforms and distribution networks, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2014.

Summary Results for the Fourth Quarter of 2014

Net revenues were $20.6 million, a decrease of 42.4% from $35.7 million in the fourth quarter of 2013. Gross profit was $7.1 million, a decrease of 59.6% from $17.6 million in the fourth quarter of 2013.... More