NQ Mobile (NQ) Tops Q2 EPS by 3c; Guides FY15 Revenue Above Expectations
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August 26, 2015 5:00 PM EDT
BEIJING and DALLAS, Aug. 26, 2015 /PRNewswire/ - NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), a leading global provider of mobile internet services, today announced its unaudited financial results for the quarter ended June 30th, 2015.
Highlights for Second Quarter 2015
Quarterly Net Revenues were $102.1 million in the second quarter of 2015, a 25.0% increase year-over-year from $81.6 million in the same period in 2014, a new record level for the Company.
Gross Margin was 24.8% in the second quarter of 2015, compared with 21.0% in the first quarter of 2015. Non-GAAP...
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August 26, 2015 4:59 PM EDT
BEIJING and DALLAS, Aug. 26, 2015 /PRNewswire/ -- NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today announced it has entered into legally binding share purchase agreements (the "NationSky Agreements"), which provide for the sale of all of NQ Mobile's interest in the NationSky business ("NationSky Divestment"), including the entire interest in Beijing NationSky Network Technology Co., Ltd., to Mr. Hou Shuli, a founder and senior management member of Beijing NationSky, for an aggregate consideration of US $80 million cash.
The NationSky business provides... More
August 26, 2015 4:58 PM EDT
BEIJING and DALLAS, Aug. 26, 2015 /PRNewswire/ -- NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today announced it has entered into a legally binding framework agreement (the "FL Framework Agreement") with Beijing Jinxing Rongda Investment Management Co. Ltd., a subsidiary of Tsinghua Holdings Co., Ltd and an independent third party, to sell the Company's entire stake in FL Mobile Inc., NQ Mobile's majority owned Cayman Islands subsidiary  (the "FL Divestment").
Pursuant to the FL Framework Agreement, the Company, along... More
