Acorn International (ATV) Reports Q2 Revenues of $8.7M
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Acorn International Reports Second Quarter 2020 Financial Results
September 30, 2020 6:30 AM EDTSHANGHAI, Sept. 30, 2020 /PRNewswire/ -- Acorn International, Inc. (NYSE: ATV) ("Acorn" or the "Company"), a leading marketing and branding company in China, today announced its preliminary unaudited financial results for the quarter ended June 30, 2020.
Second Quarter Estimated Results Highlights
Net revenues increased 3.6% year-over-year in Q2 2020 to US$8.7 million. Gross profit decreased 0.8% year-over-year in Q2 2020 to US$6.0 million. Gross margin was 69.4% in Q2 2020, compared to 72.4% in Q2 2019. Loss from continuing operations was US$0.7 million in Q2 2020, compared to a loss from... More