VisionChina (VISN) Reports Q2 Loss Per Share of $0.03, Offers Q3 Outlook

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Go back to VisionChina (VISN) Reports Q2 Loss Per Share of $0.03, Offers Q3 Outlook

VisionChina Media Inc. Announces Second Quarter 2015 Results

August 17, 2015 5:30 PM EDT

BEIJING, Aug. 17, 2015 /PRNewswire/ -- VisionChina Media Inc. ("VisionChina Media" or the "Company") (Nasdaq: VISN), China's largest out-of-home digital television advertising network on mass transportation systems and the leading provider of urban mass transit Wi-Fi, today announced its unaudited financial results for the second quarter ended June 30, 2015.

Second Quarter 2015 Highlights

Total revenues increased 51.2% sequentially to $23.2 million, above the Company's guidance range of $21.5 million to $22.5 million.

Gross margin increased to 22.6%, compared with negative 11.9% in the first quarter of 2015.

Operating profit increased to $0.5 million, compared with an operating loss of... More