Positive change from China Finance Online Co. Limited (NASDAQ: JRJC) in recent trade

Gross earnings was $ 5.6 M, contrast with $ 8.5 M in the second quarter of 2018 and $ 6.4 M in the first quarter of 2019.

Revenues from advertising services were $ 1.9 M, contrast with $ 1.2 M in the second quarter of 2018 and $ 2.0 M in the very first quarter of 2019.

Net earnings were $ 8.9 M, contrast with $ 12.9 M throughout the 2nd quarter of 2018 and $ 9.9 M during the very first quarter of 2019.

China Finance Online Co. Limited (NASDAQ: JRJC), just recently reported its unaudited financial results for the second quarter and first six months ended June 30, 2019.

Basic and diluted weighted average varieties of ADSs for the 2nd quarter of 2019 were 23.0 M, contrast with standard and diluted weighted average number of ADSs of 22.8 M for the 2nd quarter of 2018 and for the very first quarter of 2019.

Total business expenses were $ 8.9 M, a reduction of 33.3% from $ 13.4 M in the second quarter of 2018, and no crucial distinction from $ 8.9 M in the first quarter of 2019.

Sales and marketing expenditures were $ 3.8 M, a decline of 41.7% from $ 6.6 M in the second quarter of 2018, and a raise of 6.9% from $ 3.6 M in the very first quarter of 2019.

Incomes from the financial info and advisory company were $ 2.9 M, contrast with $ 5.7 M throughout the 2nd quarter of 2018 and $ 3.2 M in the very first quarter of 2019.

On Yesterday, China Finance Online Co. Limited (NASDAQ: JRJC) shares tape-recorded trading volume 295.7 K shares as compared to its average volume of 26.44 K shares. The shares price traded in between $0.49 and $0.56 during the last trading session got with 9.03% at $0.54. Over the one year trading period, the stock has a peak cost of $2.23 and its down is tape-recorded at $0.46.

Incomes from monetary services were $ 4.2 M, a decline of 30.5%, contrast with $ 6.0 M throughout the 2nd quarter of 2018 and $ 4.5 M during the first quarter of 2019.

General and administrative costs were $ 2.5 M, a decrease of 16.4% from $ 3.0 M in the second quarter of 2018, and a decline of 6.6% from $ 2.7 M in the very first quarter of 2019.

Research and advancement expenses were $ 2.6 M, a reduction of 32.2% from $ 3.8 M in the second quarter of 2018 and without any important distinction from $ 2.6 M in the very first quarter of 2019.

Net loss attributable to China Finance Online was $ 3.0 M, contrast with a bottom line of $ 4.3 M in the second quarter of 2018 and a net loss of $ 2.8 M in the very first quarter of 2019.

Loss from operations was $ 3.3 M, contrast with a loss from operations of $ 4.9 M in the 2nd quarter of 2018 and a loss from operations of $ 2.5 M in the first quarter of 2019.

First Six Months of 2019 Financial Results

As of June 30, 2019, overall shareholders equity of China Finance Online was $30.1 M. Total money and money equivalents, long-term and short-term financial investments were $9.6 M.

Bottom line attributable to China Finance Online for the very first six months of 2019 was $5.7 M, contrast to a net loss of $9.5 M in the very first six months of 2018.

Gross profit for the very first six months of 2019 was $12.0 M, contrast with $16.7 M in the first 6 months of 2018.

Net incomes for the very first 6 months of 2019 were $18.8 M, contrast with $26.2 M in the very first 6 months of 2018.

Ron Wolters

Ron Wolters – Technology My name is Ron Wolters, I have worked for the stock market industry for 4 years. Technology news grasps my attention the most. In early days, I started my journey with an ordinary author. Moving forward with great hard work and passion I achieve a higher position. As I believe in working hard and putting the soul in my work, I have accomplished so much success and place in Topnewsscoop.com, and now I have confidence in this, that I am the spin of this network. I have a vision of touching the sky. I wish to see this industry on a global scale one day. My other duties are that I am a contributor and an editor of the technology segment. My work is to do a critical analysis of companies and pick out the most significant information for investor network. Address: 705 Kennedy Court Worcester, MA 01609, United States of America Phone Number:  +1 774 437 8879 Email: [email protected]

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