SHANGHAI, Nov. 19, 2015 /PRNewswire/ -- Taomee Holdings
Limited (NYSE: TAOM) ("Taomee" or the "Company"), a leading
children's entertainment and media company in China, today reported its unaudited financial
results for the third quarter of 2015.
Highlights of the Third Quarter of 2015
- Total net revenues were US$10.3
million in the third quarter of 2015, an increase of 18.4%
from US$8.7 million in the second
quarter of 2015 and a decrease of 16.7% from US$12.3 million in the third quarter of
2014.
- Net revenues from PC business were US$6.5 million in the third quarter of 2015, an
increase of 2.1% from US$6.3 million
in the second quarter of 2015 and a decrease of 20.1% from
US$8.0 million in the third quarter
of 2014.
- Net revenues from mobile business were US$0.5 million in the third quarter of 2015, a
decrease of 33.6% from US$0.8 million
in the second quarter of 2015 and a decrease of 35.5% from
US$0.8 million in the third quarter
of 2014.
- Net revenues from offline business were US$3.3 million in the third quarter of 2015, an
increase of 106.6% from US$1.6
million in the second quarter of 2015 and a decrease of 4.5%
from US$3.5 million in the third
quarter of 2014.
- Gross profit was US$6.6 million
in the third quarter of 2015, an increase of 17.2% from
US$5.7 million in the second quarter
of 2015 and a decrease of 24.6% from US$8.8
million in the third quarter of 2014.
- Loss from operations was US$0.3
million in the third quarter of 2015, as compared with
US$1.8 million loss in the second
quarter of 2015 and US$0.1 million
income in the third quarter of 2014.
- Non-GAAP net income attributable to holders of ordinary shares
was US$0.1 million in the third
quarter of 2015, as compared with US$1.3
million loss in the second quarter of 2015 and US$3.2 million income in the third quarter of
2014.
- Non-GAAP basic and diluted gain per ADS[1] were both
US$0.003 in the third quarter of
2015, as compared with US$0.036 for
both basic and diluted loss per ADS in the second quarter of 2015
and US$0.089 and US$0.088, respectively, for basic and diluted
gain per ADS in the third quarter of 2014.
|
[1] Each American
depositary share ("ADS") represents 20 ordinary shares.
|
Key Operating Metrics
- The number of active accounts ("ACA")
for the Company's virtual worlds under operation in mainland
China was approximately 43.5
million in the third quarter of 2015, an increase of 26.8% from
34.3 million in the second quarter of 2015 and a decrease of 26.8%
from 59.4 million in the third quarter of 2014.
- Active paying accounts ("APA") for the
Company's virtual worlds under operation in mainland China were 0.8 million in the third quarter of
2015, an increase of 60.0% from 0.5 million in the second quarter
of 2015, and a decrease of 33.3% from 1.2 million in the third
quarter of 2014.
- Average revenue per user ("ARPU") for
the Company's virtual worlds under operation in mainland
China was approximately
RMB54 in the third quarter of 2015, a
decrease of 35.7% as compared with RMB84 in the second quarter of 2015 and an
increase of 25.6% from RMB43 in the
third quarter of 2014.
- The number of downloads of the mobile
applications operated by the Company was approximately 1.9 million
in the third quarter of 2015, an increase of 58.3% from 1.2 million
in the second quarter of 2015 and a decrease of 53.7% from 4.1
million in the third quarter of 2014.
Unaudited Financial Results for the Third Quarter of
2015
Net Revenues
Total net revenues were US$10.3
million in the third quarter of 2015, an increase of 18.4%
from US$8.7 million in the second
quarter of 2015 and a decrease of 16.7% from US$12.3 million in the third quarter of 2014.
Net revenues from PC business were US$6.5
million in the third quarter of 2015, an increase of 2.1%
from US$6.3 million in the second
quarter of 2015 and a decrease of 20.1% from US$8.0 million in the third quarter of 2014. The
quarter-over-quarter (QoQ) increase was primarily attributable to
more non-school days in the third quarter than in the second
quarter. The year-over-year (YoY) decrease was mainly due to the
decrease in active paying accounts.
Net revenues from mobile business were US$0.5 million in the third quarter of 2015, a
decrease of 33.6% from US$0.8 million
in the second quarter of 2015 and a decrease of 35.5% from
US$0.8 million in the third quarter
of 2014. The QoQ and YoY decreases were primarily due to the
decline in revenues generated from Reverse World as well as the
limited revenue contributions generated from the Company's newly
launched mobile games.
Net revenues from offline business were US$3.3 million in the third quarter of 2015, an
increase of 106.6% from US$1.6
million in the second quarter of 2015 and a decrease of 4.5%
from US$3.5 million in the third
quarter of 2014. The QoQ increase was primarily contributed by the
Company's film business, while partially offset by the decrease in
toys business. The YoY decrease was primarily due to the decline in
the Company's merchandise licensing and toys businesses, while
partially offset by the increase in film business.
Cost of Revenues
Total cost of revenues was US$3.7
million in the third quarter of 2015, an increase of 20.4%
from US$3.0 million in the second
quarter of 2015 and an increase of 2.9% from US$3.5 million in the third quarter of 2014.
PC business related cost of revenues were US$1.3 million in the third quarter of 2015, flat
as compared with US$1.3 million in
the second quarter of 2015 and a decrease of 20.2% from
US$1.6 million in the third quarter
of 2014. The YoY decrease was primarily due to the decrease in
bandwidth cost, royalties related to the Company's operation of
certain third-party developed virtual worlds and payroll
expenses.
Mobile business related cost of revenues were US$0.2 million in the third quarter of 2015 as
compared with US$0.1 million both in
the second quarter of 2015 and the third quarter of 2014. The QoQ
and YoY increases were primarily due to the increase in payroll
expenses.
Offline business related cost of revenues were US$2.2 million in the third quarter of 2015, an
increase of 36.1% from US$1.6 million
in the second quarter of 2015 and an increase of 22.1% from
US$1.8 million in the third quarter
of 2014. The QoQ and YoY increase were primarily due to the
increase in film production costs relating to the Company's release
of its Seer V film in the third quarter and the increase in payroll
expenses.
Gross Profit and Gross Margin
Gross profit was US$6.6 million in
the third quarter of 2015, an increase of 17.2% from US$5.7 million in the second quarter of 2015 and
a decrease of 24.6% from US$8.8
million in the third quarter of 2014.
Gross margin was 64.5% in the third quarter of 2015, as compared
with 65.1% in the second quarter of 2015 and 71.3% in the third
quarter of 2014.
Gross margin for the PC business was 79.7% in the third quarter
of 2015, as compared with 79.8% in the second quarter of 2015 and
79.7% in the third quarter of 2014.
Gross margin for the mobile business was 67.5% in the third
quarter of 2015, as compared with 79.5% in the second quarter of
2015 and 84.1% in the third quarter of 2014.
Gross margin for the offline business was 34.5% in the third
quarter of 2015, as compared with 0.6% in the second quarter of
2015 and 48.8% in the third quarter of 2014.
Total Operating Expenses
Total operating expenses were US$6.9
million in the third quarter of 2015, a decrease of 6.7%
from US$7.4 million in the second
quarter of 2015 and a decrease of 20.1% from US$8.7 million in the third quarter of 2014.
- Product development expenses were US$3.1
million in the third quarter of 2015, a decrease of 7.4%
from US$3.4 million in the second
quarter of 2015 and a decrease of 20.3% as compared with
US$3.9 million in the third quarter
of 2014. The QoQ decrease was primarily due to the decrease in
payroll expenses, mobile gaming outsourcing expenses and toys
design expenses. The YoY decrease was primarily due to the decrease
in payroll expenses and toys design expenses.
- Sales and marketing expenses were US$3.6
million in the third quarter of 2015, an increase of 63.7%
from US$2.2 million in the second
quarter of 2015 and an increase of 57.5% from US$2.3 million in the third quarter of 2014. The
QoQ and YoY increases were primary due to the increased promotion
costs for Seer V film and Seer Franchise.
- General and administrative expenses were US$3.9 million in the third quarter of 2015, an
increase of 47.9% from US$2.7 million
in the second quarter of 2015 and a decrease of 2.8% from
US$4.1 million in the third quarter
of 2014. The QoQ increase was primarily due to the increase in
indirect tax costs related to intercompany service charges and the
on-going privatization related costs. The YoY decrease was
primarily due to a decrease in provision for bad debt and
unrecoverable payments, while partially offset by an increase in
indirect tax costs related to intercompany service charges and the
on-going privatization related costs.
Income/Loss from Operations
Loss from operations was US$0.3
million in the third quarter of 2015, as compared with a
loss of US$1.8 million in the second
quarter of 2015 and an income of US$0.1
million in the third quarter of 2014.
Share of Loss in Equity Method Investments
Share of loss in equity method investments was US$0.5 million in the third quarter of 2015, as
compared with US$0.5 million in the
second quarter of 2015 and US$0.1
million in the third quarter of 2014.
Net Income/Loss Attributable to Holders of Ordinary
Shares
Net loss attributable to holders of ordinary shares was
US$0.2 million in the third quarter
of 2015, as compared with a loss of US$1.6
million in the second quarter of 2015 and an income of
US$1.2 million in the third quarter
of 2014.
Basic and diluted loss per ADS were both US$0.006 in the third quarter of 2015, as
compared with US$0.046 for both basic
and diluted loss per ADS in the second quarter of 2015 and
US$0.033 for both basic and diluted
gain per ADS in the third quarter of 2014.
Non-GAAP net income attributable to holders of ordinary shares
was US$0.1 million in the third
quarter of 2015, as compared with US$1.3
million loss in the second quarter of 2015 and US$3.2 million income in the third quarter of
2014.
Non-GAAP basic and diluted gain per ADS were both US$0.003 in the third quarter of 2015, as
compared with US$0.036 for both basic
and diluted loss per ADS in the second quarter of 2015 and
US$0.089 and US$0.088, respectively, for basic and diluted
gain per ADS in the third quarter of 2014.
Cash and Cash Equivalents
As of September 30, 2015, the
Company had US$72.3 million of cash
and cash equivalents, as compared with US$70.5 million as of June
30, 2015.
Capital Expenditures
The company had capital expenditures of US$0.1 million in the third quarter of 2015, as
compared with US$0.1 million in the
second quarter of 2015, and US$0.3
million in the third quarter of 2014. The Company's capital
expenditures were used primarily for purchase of computer hardware
and equipment. Actual future capital expenditures may differ from
the amounts indicated above.
Share-based Compensation
Share-based compensation was US$0.3
million for the third quarter of 2015 as compared with
US$0.4 million in the second quarter
of 2015 and US$0.6 million in the
third quarter of 2014.
Non-GAAP Financial Measures
To supplement the financial measures prepared in accordance with
generally accepted accounting principles in the United States, or GAAP, this press release
presents non-GAAP net income attributable to the Company's
shareholders and non-GAAP earnings per ADS by excluding share-based
compensation and impairment charges from net income (loss)
attributable to the Company's shareholders and from the calculation
of earnings per ADS. The Company believes these non-GAAP financial
measures are important to help investors understand the Company's
operating and financial performance compare business trends among
different reporting periods on a consistent basis and assess the
Company's core operating results. The use of the above
non-GAAP financial measures has certain limitations.
Share-based compensation charge has been and will continue to be
incurred and is not reflected in the presentation of the non-GAAP
financial measures; it should be considered in the overall
evaluation of the Company's results. None of the non-GAAP
measures is a measure of net income attributable to the Company's
shareholders, operating profit, operating performance or liquidity
presented in accordance with GAAP. The Company compensates for
these limitations by providing the relevant disclosure of its
share-based compensation and impairment charges in the
reconciliations to the most directly comparable GAAP financial
measures, which should be considered when evaluating the Company's
performance. These non-GAAP financial measures should be considered
in addition to financial measures prepared in accordance with GAAP,
but should not be considered a substitute for, or superior to,
financial measures prepared in accordance with GAAP. Reconciliation
of each of these non-GAAP financial measures to the most directly
comparable GAAP financial measure is set forth at the end of this
release.
Conference Call
The Company will host a conference call and live webcast at
7:00 a.m. ET (New York) on Thursday,
November 19, 2015 (which is 8:00
p.m. in China on
Thursday, November 19, 2015). A brief
presentation to accompany the conference call will be available on
the Company's IR website
(http://ir.taomee.com/phoenix.zhtml?c=243417&p=irol-reportsannual)
before the call.
The dial-in details for the live conference call are:
|
Conference
ID:
|
74393462
|
|
U.S.
toll-free:
|
+1-866-519-4004
|
|
Hong Kong
toll-free:
|
800-906-601
|
|
International:
|
+65-6713-5090
|
|
China
Mainland:
|
400-620-8038
|
|
Passcode:
|
Taomee
|
A live webcast and archive of the conference call will be
available on the Investor Relations section of Taomee's website at
http://edge.media-server.com/m/p/basw57q9. A telephone replay of
the call will be available after the conclusion of the conference
call at 10:00 a.m. ET on November 19, 2015 through 07:59 a.m. ET, November
27, 2015. The dial-in details for the telephone replay
are:
|
Conference
ID:
|
74393462
|
|
International:
|
+61-2-8199-0299
|
|
China:
|
400-632-2162
|
About Taomee Holdings Limited
Taomee Holdings Limited ("Taomee" or "the Company") is a leading
player in children's entertainment and media in China. Its award winning content offerings are
both engaging and educational, endearing it to children, as well as
to parents and teachers. The Company was founded in 2007 with the
mission to bring joy and inspiration to children. Its popular
character franchises, including SEER and MOLE'S WORLD, are
distributed online via virtual worlds, web games and mobile
applications, as well as through traditional media, including
animated box office films, TV series, books and consumer products,
most notably toys and trading cards. Its online community regularly
achieves top search ranking in China, Hong
Kong and Taiwan. Taomee has
been consistently recognized for its leadership and innovative
contributions to the children's market, including accolades from
China's Ministry of Culture and
the China Animation Association.
For more information, please visit:
http://www.taomee.com/en_taomee.html
- Visit online virtual world communities at www.61.com
- Watch animations and films at http://v.61.com/
- Download mobile games and applications at http://m.61.com/
- Share with other parents and caregivers at
http://mama.61.com/
Safe Harbor Statements
This press release contains statements that may constitute
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and 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.
Forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. Among other things, the
management's quotations and outlook information contain
forward-looking statements. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the Company's actual results, performance or
achievements to be materially different from those expressed or
implied by the forward-looking statements. Potential risks and
uncertainties include, but are not limited to: the Company's
business strategies and initiatives as well as business plans;
future business development, results of operations and financial
condition; expected changes in revenues and certain cost or expense
items; expectations with respect to increased revenue growth and
the Company's ability to sustain profitability; the Company's
services and products under development or planning; the Company's
ability to attract users and further enhance the Company's brand
recognition; and trends and competition in the children's
entertainment and media market and industry, including those for
online entertainment. Further information regarding these and other
risks is included in Taomee's annual report on Form 20-F and other
documents filed with the U.S. Securities and Exchange Commission.
All information provided in this press release is as of the date of
the press release, and the Company undertakes no obligation to
update any forward-looking statements to reflect subsequent
occurring events or circumstances, or changes in its expectations,
except as required under applicable law. Although the Company
believes that the expectations expressed in these forward looking
statements are reasonable, the Company cannot assure you that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
For further information, please contact
Angela Wang
Taomee Holdings Limited
+86-21-61280056 Ext 8651
ir@taomee.com
|
Taomee Holdings Limited -
Unaudited Consolidated Balance Sheets
|
|
|
|
|
|
In
USD
|
|
In
USD
|
|
September
30,
|
|
June
30,
|
|
2015
|
|
2015
|
|
ASSETS
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
$
72,335,398
|
|
$
70,488,576
|
|
Accounts receivable,
net
|
3,260,114
|
|
3,123,668
|
|
Inventory
|
504,624
|
|
541,530
|
|
Prepaid Income
tax
|
714,881
|
|
512,773
|
|
Due from related
parties
|
3,450,749
|
|
336,777
|
|
Prepayments and other current assets
|
4,756,476
|
|
7,264,738
|
|
Deferred tax assets, current
|
5,649,123
|
|
5,878,004
|
|
Total current
assets
|
90,671,365
|
|
88,146,066
|
|
|
|
|
|
Investment in equity
investees
|
14,352,315
|
|
16,850,025
|
|
Property and
equipment, net
|
1,594,157
|
|
1,719,120
|
|
Prepayments for land
use rights and building
|
4,772,609
|
|
4,965,977
|
|
Acquired intangible
assets
|
893,314
|
|
991,164
|
|
Other
assets
|
1,176,179
|
|
2,075,533
|
|
Total
assets
|
$
113,459,939
|
|
$
114,747,885
|
|
|
|
|
|
LIABILITIES
AND EQUITY
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
Accounts payable
|
$
1,069,757
|
|
$
1,182,460
|
|
Advance from customers
|
7,827,244
|
|
7,087,820
|
|
Due to related parties
|
636,554
|
|
315,798
|
|
Deferred revenue
|
12,090,722
|
|
12,382,149
|
|
Deferred tax liabilities, current
|
672,183
|
|
699,417
|
|
Accrued expenses and other current liabilities
|
5,019,510
|
|
4,205,309
|
|
Total current
liabilities
|
27,315,970
|
|
25,872,953
|
|
|
|
|
|
Equity
|
|
|
|
|
Taomee Holdings
Limited shareholders' equity
|
|
|
|
|
Ordinary shares
($0.00002 par value;
875,000,000 shares authorized; 749,858,866
and 752,275,006 shares issued; 707,651,086
and 706,168,586 outstanding as of September
30, 2015 and June 30, 2015, respectively)
|
15,075
|
|
15,045
|
|
Treasury stock (at cost)
|
(12,075,318)
|
|
(12,075,318)
|
|
Additional paid-in capital
|
77,305,383
|
|
77,019,974
|
|
Retained earnings
|
19,302,289
|
|
19,498,088
|
|
Accumulated other comprehensive income
|
1,531,581
|
|
4,241,010
|
|
Taomee Holdings
Limited shareholders' equity
|
86,079,010
|
|
88,698,799
|
|
Noncontrolling
interests
|
64,959
|
|
176,133
|
|
Total
equity
|
$
86,143,969
|
|
$
88,874,932
|
|
|
|
|
|
TOTAL LIABILITIES
AND EQUITY
|
$
113,459,939
|
|
$
114,747,885
|
|
Taomee Holdings Limited -
Unaudited Consolidated Statements of
Operations
|
|
|
|
|
|
In USD, except for
share data
For three months
ended
|
|
|
September
30,
|
|
June
30,
|
|
September
30,
|
|
|
2015
|
|
2015
|
|
2014
|
|
Revenues:
|
|
|
|
|
|
|
|
PC
business, net
|
|
$
6,444,833
|
|
$
6,310,923
|
|
$ 8,066,156
|
|
Mobile business, net
|
|
508,820
|
|
766,061
|
|
788,763
|
|
Offline business, net
|
|
3,330,063
|
|
1,611,865
|
|
3,488,097
|
|
Total net
revenues
|
|
10,283,716
|
|
8,688,849
|
|
12,343,016
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
|
|
|
|
|
|
PC
business
|
|
(1,305,333)
|
|
(1,271,940)
|
|
(1,635,617)
|
|
Mobile business
|
|
(165,214)
|
|
(157,322)
|
|
(125,648)
|
|
Offline business
|
|
(2,179,659)
|
|
(1,601,830)
|
|
(1,785,338)
|
|
Total cost of
revenues
|
|
(3,650,206)
|
|
(3,031,092)
|
|
(3,546,603)
|
|
|
|
|
|
|
|
|
Gross
profit
|
|
6,633,510
|
|
5,657,757
|
|
8,796,413
|
|
|
|
|
|
|
|
|
Operating income
(expenses):
|
|
|
|
|
|
|
|
Product development
|
|
(3,139,201)
|
|
(3,391,747)
|
|
(3,941,208)
|
|
Sales and marketing
|
|
(3,590,705)
|
|
(2,193,696)
|
|
(2,280,113)
|
|
General and administrative
|
|
(3,946,903)
|
|
(2,668,029)
|
|
(4,059,122)
|
|
Other operating income, net
|
|
3,729,954
|
|
808,659
|
|
1,585,129
|
|
Total operating
expenses
|
|
(6,946,855)
|
|
(7,444,813)
|
|
(8,695,314)
|
|
|
|
|
|
|
|
|
Income
(Loss) from operations
|
|
(313,345)
|
|
(1,787,056)
|
|
101,099
|
|
|
|
|
|
|
|
|
Interest
income
|
|
213,218
|
|
456,469
|
|
642,387
|
|
Other income,
net
|
|
198,720
|
|
59,810
|
|
186,162
|
|
Impairment loss on
investment in
an equity investee
|
|
-
|
|
-
|
|
(1,400,000)
|
|
Income (Loss)
before income
taxes and share of loss in
equity method investments
|
|
98,593
|
|
(1,270,777)
|
|
(470,352)
|
|
|
|
|
|
|
|
|
Income tax
benefit
|
|
113,402
|
|
7,050
|
|
1,708,088
|
|
|
|
|
|
|
|
|
Share of loss in
equity method
investments
|
|
(518,968)
|
|
(479,649)
|
|
(104,567)
|
|
Net income
(loss)
|
|
(306,973)
|
|
(1,743,376)
|
|
1,133,169
|
|
|
|
|
|
|
|
|
Less: Net loss
attributable to non-
controlling interest
|
|
(111,174)
|
|
(133,314)
|
|
(32,574)
|
|
|
|
|
|
|
|
|
Net income (loss)
attributable to
holders of ordinary shares
|
|
$ (195,799)
|
|
$ (1,610,062)
|
|
$ 1,165,743
|
|
Earnings (Loss)
per ADS
|
|
|
|
|
|
|
|
-Basic
|
|
$
(0.006)
|
|
$
(0.046)
|
|
$
0.033
|
|
-Diluted
|
|
$
(0.006)
|
|
$
(0.046)
|
|
$
0.033
|
|
Weighted average
number of
shares used in calculation
|
|
|
|
|
|
|
|
- Basic
|
|
706,654,890
|
|
706,345,031
|
|
708,630,255
|
|
- Diluted
|
|
706,654,890
|
|
706,345,031
|
|
716,521,745
|
|
Weighted average
number of
ADS used in calculation
|
|
|
|
|
|
|
|
- Basic
|
|
35,332,745
|
|
35,317,252
|
|
35,431,513
|
|
- Diluted
|
|
35,332,745
|
|
35,317,252
|
|
35,826,087
|
|
|
|
|
|
|
|
|
Taomee Holdings Limited -
Unaudited Consolidated Other Comprehensive
Income
|
|
|
|
In
USD,
|
|
For three months
ended
|
|
September
30,
|
|
June
30,
|
|
September
30,
|
|
2015
|
|
2015
|
|
2014
|
|
Net
income/(loss)
|
|
|
|
|
|
|
$ (306,973)
|
|
$ (1,743,376)
|
|
$ 1,133,169
|
|
Other comprehensive
income/(loss), net of tax
|
|
|
|
|
|
Foreign currency translation adjustments
|
2,709,429
|
|
319,432
|
|
140,967
|
|
|
|
|
|
|
|
Comprehensive
income/(loss)
|
2,402,456
|
|
(1,423,944)
|
|
1,274,136
|
|
Comprehensive loss
attributable to noncontrolling interest
|
(111,174)
|
|
(133,314)
|
|
(32,574)
|
|
|
|
|
|
|
|
Comprehensive
income/(loss) attributable to Taomee Holdings
Limited
|
$ 2,513,630
|
|
$ (1,290,630)
|
|
$ 1,306,710
|
|
Taomee Holdings Limited -
Reconciliation of Non-GAAP and GAAP Results
|
|
|
|
|
|
In USD, except for
share data
For three months
ended
|
|
|
September
30,
|
|
June
30,
|
|
September
30,
|
|
|
2015
|
|
2015
|
|
2014
|
|
Reconciliation
from Non-GAAP
measures to GAAP measures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net income
(loss)
attributable to holders of ordinary
shares
|
|
$
89,610
|
|
$
(1,259,992)
|
|
$
3,160,468
|
|
Share-based
compensation
|
|
(285,409)
|
|
(350,070)
|
|
(594,725)
|
|
Impairment loss on
investment in an
equity investee
|
|
-
|
|
-
|
|
(1,400,000)
|
|
GAAP net income
(loss) attributable to
holders of ordinary shares
|
|
$
(195,799)
|
|
$
(1,610,062)
|
|
$
1,165,743
|
|
|
|
|
|
|
|
|
Non-GAAP income
(loss) per ADS
|
|
|
|
|
|
|
|
-Basic
|
|
$
0.003
|
|
$
(0.036)
|
|
$
0.089
|
|
-Diluted
|
|
$
0.003
|
|
$
(0.036)
|
|
$
0.088
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/taomee-reports-third-quarter-2015-unaudited-financial-results-300181730.html
SOURCE Taomee Holdings Limited