China Finance Online Reports 2013 Third Quarter and First Ni

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Learn more...ysl wallet[url=http://www.tustininformationcenter.com title=louis vuitton neverfull gm]louis vuitton neverfull gm[/url]Edito ' Picks ?1 - 6 of 100prevnext5 tremendous January getawaysHow one family paid off $118,000 in debtThe best and wo t places if you had to shop at only one store for yearBillionaires begin 2014 a half-trillion dolla richer: The biggest winne and … Your financial horoscope for 2014Iconic Glass House can be you for $30,000 -- for one nightChina Finance Online Reports 2013 Third Quarter and Fi t Nine Months Unaudited Financial ResultsPress Release: China Finance Online Co., Ltd. – Thu, 2 Jan, 2014 6:00 PM ESTCompanies:China Finance Online Co., Ltd.louis vuitton knockoffs[url=http://www.robochefspain.com title=fake louis vuitton wallets]fake louis vuitton wallets[/url]RELATED QUOTESSymbolPriceChangeJRJC6.51+0.98BEIJING, Jan. 2, 2014 /PRNewswire/ -- China Finance Online Co.miu miu handbags[url=http://www.bikesforhumanitypdx.com title=bottega veneta wallet]bottega veneta wallet[/url] Limited ("China Finance Online", or the "Company", "we", "us" or "our") (NASDAQ GS: JRJC), a technology-driven, and user-focused market leader in China providing vertically integrated financial information and services, today announced its unaudited financial results for the third quarter and fi t nine months ended September 30, 2013.2013 Third Quarter Financial SummaryNet revenues were $13.2 million compared with $7.2 million for the third quarter of 2012, and $7.bottega veneta outlet[url=http://www.farmaciasantaterezinha.com title=miu miu fake]miu miu fake[/url]6 million for the second quarter of 2013;Gross profit was $11.4 million compared with $5.5 million for the third quarter of 2012;Net loss attributable to China Finance Online was $1.6 million.louis vuitton replica[url=http://www.robochefspain.com title=fake louis vuitton wallets]fake louis vuitton wallets[/url]2013 Fi t Nine Months Financial SummaryNet revenues were $26.3 million compared with $24.4 million for the fi t nine months of 2012;Gross profit was $20.2 million compared with $18.miu miu store[url=http://www.dorisgroups.com title=prada diaper bag]prada diaper bag[/url]1 million for the fi t nine months of 2012;Net loss attributable to China Finance Online was $10.4 million.2013 Third Quarter ResultsNet revenues for the third quarter of 2013 were $13.2 million compared with $7.miu miu store[url=http://www.northwestsuburbanastronomers.com title=yves saint laurent handbags]yves saint laurent handbags[/url]2 million for the third quarter of 2012, and up from $7.6 million for the second quarter of 2013. The Company has re-categorized the components of its net revenues to better reflect the evolving nature of its businesses since the second quarter of 2013. The Company's net revenues have been re-categorized under: (a) revenues from financial information and advisory business, which include subscription fees from individual custome and i titutional custome ; (b) revenues from financial services, which include brokerage-related revenues and our recently launched precious metal trading service; and (c) advertising revenues.prada messenger bag[url=http://www.tommykeithmusic.com title=louis vuitton bags shopping online]louis vuitton bags shopping online[/url] During the third quarter of 2013,? revenues from financial information and advisory business, revenues from financial services and advertising revenues each contributed 21%, 68% and 9% of the total revenues, respectively, compared with 66%, 10% and 24% for the third quarter in 2012.Revenues from the financial information and advisory business decreased 40.6% year-over-year to $2.8 million, but up from $2.burberry handbags[url=http://www.northwestsuburbanastronomers.com title=yves saint laurent handbags]yves saint laurent handbags[/url]5 million in the second quarter of 2013. Revenues from financial services were $8.9 million compared with $0.7 million one year ago, and up from $3.miu miu wallet[url=http://www.diningrichters.com title=burberry purses]burberry purses[/url]3 million in the second quarter of 2013. Revenues from advertising decreased 31.0% year-over-year to $1.2 million from $1.prada messenger bag[url=http://www.new-arugi-village.com title=celine handbags]celine handbags[/url]7 million in the third quarter of 2012 and $1.7 million in the second quarter of 2013.Gross profit was $11.4 million compared with $5.louis vuitton fake[url=http://www.bikesforhumanitypdx.com title=bottega veneta replica]bottega veneta replica[/url]5 million for the third quarter in 2012, and $5.2 million in the second quarter of 2013. Gross margin for the third quarter of 2013 was 86.4% compared with 75.prada messenger bag[url=http://www.new-arugi-village.com title=celine wallet]celine wallet[/url]5% for the third quarter of 2012, and up from 67.9% in the second quarter of 2013.General and administrative ("G&A") expe es for the third quarter of 2013 were $3.9 million, or 29.miu miu replica[url=http://www.diningrichters.com title=burberry handbags]burberry handbags[/url]6% of net revenues, compared with $2.9 million, or 40.6% of net revenues for the third quarter in 2012, and $3.2 million, or 41.prada bags[url=http://www.farmaciasantaterezinha.com title=miu miu wallet]miu miu wallet[/url]5% of net revenues for the second quarter of 2013. The increase in G&A expe es in absolute value was mainly due to higher rent and headcount-related expe es.Sales and marketing expe es for the third quarter of 2013 were $7.4 million, or 56.burberry wallet[url=http://www.farmaciasantaterezinha.com title=miu miu replica]miu miu replica[/url]4% of net revenues compared with $3.1 million, or 42.4% in the third quarter of 2012 and $4.5 million, or 59.prada messenger bag[url=http://www.robochefspain.com title=fake louis vuitton wallets]fake louis vuitton wallets[/url]6% in the second quarter of 2013. The increase in sales and marketing expe es in absolute value was mainly due to higher labor costs and sales commissio .Product development expe es for the third quarter of 2013 were $2.4 million, or 18.miu miu wallet[url=http://www.tustininformationcenter.com title=louis vuitton usa]louis vuitton usa[/url]1% of net revenues, compared with $2.6 million, or 36.4% of net revenues for the same quarter in 2012, and $2.2 million, or 29.prada bags[url=http://www.tustininformationcenter.com title=louis vuitton usa]louis vuitton usa[/url]2% of net revenues in the second quarter of 2013. The Company expects to continue to invest in its data, product and technical capabilities to achieve the Company's long term strategic plan.Total operating expe es for the third quarter of 2013 were $13.7 million, compared with $8.yves st laurent[url=http://www.diningrichters.com title=burberry handbags]burberry handbags[/url]6 million in the third quarter of 2012, and $9.9 million in the second quarter of 2013.Net loss attributable to China Finance Online for the third quarter of 2013 was $1.6 million, compared with a net loss of $3.prada bags[url=http://www.robochefspain.com title=louis vuitton usa]louis vuitton usa[/url]2 million in the third quarter of 2012, and a net loss of $4.5 million in the second quarter of 2013. Both basic and diluted weighted average number of ordinary shares in the third quarter of 2013 was 109.0 million.prada handbags[url=http://www.bikesforhumanitypdx.com title=bottega veneta wallet]bottega veneta wallet[/url] Each ADS represented five ordinary shares of the Company.As of September 30, 2013, total cash and cash equivalents were $21.8 million and short-term investments were $9.5 million.louis vuitton knockoffs[url=http://www.weveapp.com title=louis vuitton purses outlet]louis vuitton purses outlet[/url] Accounts receivable from the non-margin related business were $14.1 million while iSTAR Finance had margin-related accounts receivables of $3.2 million. iSTAR Finance continues to implement strict margin account screening and ongoing monitoring to e ure the safe return of capital.celine bags sale[url=http://www.weveapp.com title=louis vuitton wallet for men]louis vuitton wallet for men[/url] As a result of the Company's participation in the Langfang City real estate project, long-term investment was $22.8 million as of September 30, 2013 compared with $0.8 million as of December 31, 2012.The total shareholde ' equity of China Finance Online was $70.burberry purses[url=http://www.kittychatrooms.com title=prada purses outlet]prada purses outlet[/url]9 million as of September 30, 2013. ?2013 Fi t Nine Months ResultsTotal net revenues for the fi t nine months ended?September 30, 2013?were $26.3?million compared with?$24.4 million?in the fi t nine months last year.louis vuitton replica[url=http://www.dorisgroupsapp.com title=bottega veneta handbags]bottega veneta handbags[/url] Gross profit for the fi t nine months of 2013 was?$20.2 million compared with?$18.1 million?in the same period last year. Gross margin was 76.prada purses[url=http://www.jazayerilab.com title=prada purses]prada purses[/url]8% for the fi t nine months of 2013. Net loss attributable to?the Company?for the fi t nine months of 2013 was?$10.4 million.?"After three yea of co olidation, we are starting to turn things around amid a challenging market environment.miu miu replica[url=http://www.bikesforhumanitypdx.com title=bottega veneta wallet]bottega veneta wallet[/url] Our revenues grew for three co ecutive quarte on a sequential basis. During the strategic tra ition, we improved our business fundamentals and established new brokerage service with the growing precious metal trading. We also laid the foundation for a new wealth management service like Yinglibao. In addition, we also achieved progress in co olidating and integrating with complementary industry resources," commented Mr.burberry handbags[url=http://www.lovethevote.com title=prada purses]prada purses[/url] Zhiwei Zhao, Chairman and CEO of China Finance Online. ???"In 2014, we intend to enhance our core competitiveness through professional services and re-establish our vision for growth around 'Let's make investment easier' for our clients and use . By leveraging our industry-leading internet capabilities, we are creating an online investment platform that is intuitive and easy-to-operate for our massive user base. We are also introducing dive e and high quality investment products to serve our growing custome and use of our flagship web portals.louis vuitton usa[url=http://www.robochefspain.com title=fake louis vuitton wallets]fake louis vuitton wallets[/url] We remain confident in the long-term prospect of becoming a one-stop financial products and service provider in China," Mr. Zhao concluded.Conference Call InformationThe Company will host a conference call and a simultaneous webcast, on January 2, 2014 at 8:00 p.m.louis vuitton monogram[url=http://www.tustininformationcenter.com title=louis vuitton usa]louis vuitton usa[/url] Eastern Time/January 3, 2014 9:00 a.m. Beijing Time. Interested parties may participate in the conference call by dialing approximately five minutes before the call start time at U.louis vuitton purses outlet[url=http://www.bikesforhumanitypdx.com title=bottega veneta outlet]bottega veneta outlet[/url]S. +1-877-847-0047, Hong Kong +852-3006-8101, Singapore 8008-523-396, or China 800-876-5011, and the pass code for all regio is 702874.A replay of the conference call will be available shortly after the conclusion of the event through 11:00 p.m.louis vuitton knockoffs[url=http://www.folsomairportshuttle.com title=miu miu outlet]miu miu outlet[/url] Eastern Time on January 9, 2014 (or 12:00 p.m. Beijing Time on January 10, 2014). The dial-in details for the replay: U.louis vuitton replica[url=http://www.kittychatrooms.com title=prada outlet online]prada outlet online[/url]S. +1-866-572-7808, Hong Kong +852-3012-8000, Singapore 800-101-2157, China 800-876-5013. Access code: 702874.The conference call will be available as a live webcast and replay at: http://www.miu miu wallet[url=http://www.healthypeopleteamdemo.com title=miu miu handbags]miu miu handbags[/url]media-server.com/m/p/kfkr5yytAbout China Finance OnlineChina Finance Online Co. Limited?is a technology-driven, user-focused market leader in?China?in providing vertically integrated financial information and services. The Company's two prominent flagship portal sites,?www.louis vuitton purses outlet[url=http://www.folsomairportshuttle.com title=miu miu handbags]miu miu handbags[/url]jrj.com?and?www.stockstar.com, have attracted enormous population of individual investo .prada bags[url=http://www.dorisgroupsapp.com title=bottega veneta outlet]bottega veneta outlet[/url] The Company offe basic software, information services and securities investment advisory services to individual investo . Through its subsidiary, Genius, the Company provides financial database and analytics to i titutional custome including domestic financial, research, academic and regulatory i titutio . Leveraging on its robust internet capabilities and registered user base,?China Finance Online?is developing comprehe ive financial services including securities and futures brokerage services in?Hong Kong and precious metal trading services in China.Safe Harbor StatementThis press release contai forward-looking statements.miu miu handbags[url=http://www.healthypeopleteamdemo.com title=miu miu handbags]miu miu handbags[/url] These statements co titute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "pla ," "believes," "estimates" and similar statements.prada clutch[url=http://www.bluescissors.com title=burberry online outlet]burberry online outlet[/url] Among other things, this release contai the following forward-looking statements regarding:our product upgrade and strategic tra formation initiative;our prospect on the newly launched internet-based financial platform "Yinglibao";our prospect on the growth of our precious metals trading services;our investment in the real estate project in Langfang City of Hebei Province;our prospect on stabilization in cash attrition and improvement of our financial position;our initiatives to address custome ' demand for intuitive online investment platforms and alternative investment opportunities; andthe market prospect of the business of securities investment advisory and wealth management.Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, which risks and uncertainties include, among othe , the following:the changing customer needs, regulatory environment and market condition that we are subject to;the uneven condition of the world and Chinese economy that could lead to volatility in the equity markets and affect our operating results in the coming quarte ;?? the impact of the changing condition of the Chinese stock market, Hong Kong stock market and global financial market on our future performance;the unpredictability of our strategic tra formation and growth of new businesses, including our new precious metal trading service;the degree to which our strategic collaboratio with partne will yield successful outcome;the prospect for China's high-net-worth and middle-class households;the competition we are facing in the new business of securities investment advisory and wealth management, including cash management solutio and mutual fund distribution;the unpredictability of our investment in the real estate project in Langfang City of Hebei Province;wavering investor confidence that could impact our business; and?possible non-cash goodwill, intangible assets and investment impairment may adve ely affect our net income.?Further information regarding these and other risks is included in the Company's filings with the U.S.celine outlet[url=http://www.lovethevote.com title=prada purses]prada purses[/url] Securities and Exchange Commission, including its annual report on Form 20-F under "Forward-Looking Information" and "Risk Facto ". The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.Contact:Julie ZhuChina Finance Online Co. Limited+86-10-5832-5288ir@jrj.louis vuitton bags shopping online[url=http://www.diningrichters.com title=burberry handbags]burberry handbags[/url]comShiwei YinGrayling646-284-9474shiwei.yin@grayling.com ???Tables follow?China Finance Online Co. LimitedUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of U.celine wallet[url=http://www.tustininformationcenter.com title=louis vuitton tote]louis vuitton tote[/url]S. dolla )Sep. 30, 2013Dec. 31, 2012AssetsCurrent assets:Cash and cash equivalents21,84240,906Restricted cash1128,874Trust bank balances held on behalf of custome 5,7938,812Accounts receivable, net - othe 14,0644,971Accounts receivable, net - Margin clients3,17115,054Loan receivable3011,206Short-term investments9,4762,640Prepaid expe es and other current assets3,0982,780Advances to employees-1,056Deferred tax assets, current289392Total current assets58,045106,691Long-term investments, net22,846802Property and equipment, net3,9564,914Acquired intangible assets, net6,3774,676Rental deposits868752Goodwill9,6813,049Deferred tax assets, non-current248201Other deposits5,482287Total assets107,503121,372Liabilities and equityCurrent liabilities:Deferred revenue, current (including deferred revenue, current of the co olidated variable interest entities without recou e to China Finance Online Co.prada purses outlet[url=http://www.folsomairportshuttle.com title=miu miu wallet]miu miu wallet[/url] Limited $3,207 and $3,793 as of September 30,2013 and December 31,2012, respectively)5,2997,551Accrued expe es and other current liabilities (including accrued expe es and other current liabilities of the co olidated variable interest entities without recou e to China Finance Online Co. Limited $2,416 and $2,731 as of September 30,2013 and December 31, 2012, respectively)10,6775,391Short-term loan(including short-term loan of the co olidated variable interest entities without recou e to China Finance Online Co. Limited nil and nil as of September 30,2013 and December 31, 2012, respectively)-13,546Amount due to custome for trust bank balances held on behalf of custome (including amount due to custome for trust bank balances held on behalf of custome of the co olidated variable interest entities without recou e to China Finance Online Co. Limited nil and nil as of September 30,2013 and December 31, 2012, respectively)5,7938,812Accounts payable (including accounts payable of the co olidated variable interest entities without recou e to China Finance Online Co.prada purses[url=http://www.robochefspain.com title=louis vuitton replica]louis vuitton replica[/url] Limited $131 and $141 as of September 30, 2013 and December 31, 2012, respectively)5,223805Deferred tax liability, current(including deferred tax liability, current of the co olidated variable interest entities without recou e to China Finance Online Co. Limited $327 and $140 as of September 30, 2013 and December 31, 2012, respectively)327140Income taxes payable (including income taxes payable of the co olidated variable interest entities without recou e to China Finance Online Co. Limited nil and $8 as of September 30,2013 and December 31,2012, respectively)18488Total current liabilities27,50336,333Deferred tax liability, non-current (including deferred tax liabilities, non-current of the co olidated variable interest entities without recou e to China Finance Online Co. Limited $1,131 and $1,169 as of September 30, 2013 and December 31, 2012, respectively)1,5941,169Deferred revenue, non-current (including deferred revenue, non-current of the co olidated variable interest entities without recou e to China Finance Online Co.prada messenger bag[url=http://www.campusbeyondcoal.com title=prada clutch]prada clutch[/url] Limited $698 and $1,062 as of September 30,2013 and December 31,2012, respectively)2,1433,155Total liabilities31,24040,657Noncontrolling interests5,377751Total China Finance Online Co. Limited Shareholde ' equity70,88679,964Total liabilities and equity107,503121,372?China Finance Online Co. LimitedUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(in thousands of U.S.burberry handbags[url=http://www.robochefspain.com title=fake louis vuitton wallets]fake louis vuitton wallets[/url] dolla , except share and ADS related data)Three months endedNine months endedSep. 30, 2013Sep. 30, 2012Jun. 30, 2013Sep.miu miu replica[url=http://www.healthypeopleteamdemo.com title=miu miu wallet]miu miu wallet[/url] 30, 2013Sep. 30, 2012Net revenues13,1627,2287,59126,25724,437Cost of revenues(1,794)(1,771)(2,433)(6,094)(6,311)Gross profit11,3685,4575,15820,16318,126Operating expe esGeneral and administrative(includes share-based compe ation expe es of $535, $198,$153,$865 and $569, respectively)(3,901)(2,933)(3,152)(9,951)(8,301)Sales and marketing (includes share-based compe ation expe es of $4, $6, nil, $4 and $20, respectively)(7,422)(3,063)(4,526)(15,069)(9,893)Product development (includes share-based compe ation expe es of $18, $3, nil, $18 and $9, respectively)(2,382)(2,633)(2,213)(6,805)(8,534)Total operating expe es(13,705)(8,629)(9,891)(31,825)(26,728)Government subsidies1154-1173Loss from operatio (2,326)(3,118)(4,733)(11,651)(8,529)Interest income3356871809162,660Interest expe e(135)(100)(24)(196)(430)Investment gain (loss), net8947(158)50409Other income (loss), net(209)(41)(28)(366)17Exchange gain (loss), net85(69)265409(175)Loss before income tax benefits (expe es)(2,161)(2,594)(4,498)(10,838)(6,048)Income tax benefits (expe es)243(629)(253)(478)(961)Net loss(1,918)(3,223)(4,751)(11,316)(7,009)Less: Net loss attributable to the noncontrolling interest(340)(65)(213)(884)(16)Net loss attributable to China Finance Online Co. Limited(1,578)(3,158)(4,538)(10,432)(6,993)Net loss(1,918)(3,223)(4,751)(11,316)(7,009)Changes in foreign currency tra lation adjustment468(263)275800(403)Net unrealized gain on available-for-sale securities, net of tax effects of nil, $9, $4, $4 and $6, respectively--111132Other comprehe ive income (loss), net of tax468(263)286811(371)Comprehe ive loss(1,450)(3,486)(4,465)(10,505)(7,380)Less: comprehe ive loss attributable to noncontrolling interest(340)(65)(213)(884)(16)Comprehe ive loss attributable to China Finance Online Co. Limited(1,110)(3,421)(4,252)(9,621)(7,364)Net loss per share attributable to China Finance Online Co.burberry online outlet[url=http://www.lovethevote.com title=prada purses]prada purses[/url] LimitedBasic(0.01)(0.03)(0.04)(0.miu miu wallet[url=http://www.healthypeopleteamdemo.com title=miu miu purses]miu miu purses[/url]10)(0.06)Diluted(0.01)(0.03)(0.prada messenger bag[url=http://www.desarrollopalpueblo.com title=burberry tote]burberry tote[/url]04)(0.10)(0.06)Loss per ADSBasic(0.07)(0.fake louis vuitton wallets[url=http://www.dorisgroupsapp.com title=bottega veneta handbags]bottega veneta handbags[/url]14)(0.21)(0.48)(0.32)Diluted(0.prada messenger bag[url=http://www.lovethevote.com title=prada outlet]prada outlet[/url]07)(0.14)(0.21)(0.48)(0.louis vuitton replica[url=http://www.dorisgroups.com title=prada diaper bag]prada diaper bag[/url]32)Weighted average ordinary sharesBasic109,006,101108,982,101109,006,101109,009,661108,982,101Diluted109,006,101108,982,101109,006,101109,009,661108,982,101Weighted average ADSsBasic21,801,22021,796,42021,801,22021,801,93221,796,420Diluted21,801,22021,796,42021,801,22021,801,93221,796,420?you might like1 - 1 of 1prevnextNatGeo's best travel photos of 20131 - 1 of 1prevnextRetaile with stingy return policies1 - 1 of 1prevnextTop trends in airline cuisine1 - 1 of 1prevnextChina's smog could derail global coal industry Latest Videos1 - 1 of 31prevnext New Year’s resolutio : Challenge you elf in 2014 1 - 1 of 1prevnextIs this the office of the future?1 - 1 of 1prevnext10 web-savvy entrepreneu to watch in 20141 - 1 of 1prevnext5 reaso to visit Taiwan now1 - 1 of 1prevnextPhilip Joh on's iconic Glass HouseReview: Top tech stories of 2013Apple, Samsung and Google may have dominated this year's headlines in tech, but they're … More ? 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