ChinaNet (CNET) Regains Compliance with NASDAQ Minimum Bid Price Requirement

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ChinaNet (CNET) Reports Q1 Loss of $0.11 on Revenues of $4.4M

June 29, 2020 7:38 AM EDT

ChinaNet (NASDAQ: CNET) reported Q1 EPS of ($0.11), versus ($0.07) reported last year. Revenue for the quarter came in at $4.37 million, versus $8.56 million reported last year.

First Fiscal Quarter 2020 Financial Highlights

Revenues generated from Ecommerce O2O advertising and marketing services and revenues generated from technical solution services were $0.5 million and $0.6 million, respectively, compared to nil in the first fiscal... More