Ku6 Media Fiscal Year 2012 : the transition to UGC is hard / Xiaomi Box Ships with Tuxera File Systems / UTStarcom Full Year 2012 Financial Results : the transition to TV over IP Services is long / Charm Communications Full Year 2012 Results : the transition to digital services is difficult
Ku6 Media Reports Unaudited Financial Resultsand Full Year of Fiscal Year 2012
Ku6 Media Co, an internet video company focused on User Generated Content ("UGC") in China, today announced unaudited financial results for the fourth quarter and full year of fiscal year ended December 31, 2012. Total revenues were US$14.12 million (RMB87.94 million) in 2012, as compared to US$19.22 million in 2011. GAAP net loss was US$9.49 million in 2012, as compared to (US$49.39 million in 2011). Cost of revenues was US$14.60 million (RMB90.98 million) in 2012, representing 103.5% of total revenues, as compared to US$30.88 million, 160.7% of revenues in 2011. The change of content strategy since the second quarter of 2011 from long-form professional content to UGC is the main reason for the significant decrease in cost of revenues.
Xiaomi Box Ships with Tuxera File Systems
Tuxera Inc., a technology provider announced today a partnership with Xiaomi, the Chinese smartphone manufacturers. Last year, Xiaomi announced acquisition of the digital content provider Duokan that resulted in a brand new product line called Xiaomi Box, which closely integrates with Xiaomi smartphones establishing a multi-device platform. The Android based set-top boxes ship Tuxera NTFS and FAT for multi-streaming, excellent performance, the most comprehensive interoperability and reliability. Tuxera file system solutions allow Xiaomi Box users to download, stream, record and play-back the content with no limits in recording size or length. Xiaomi Box can stream media from phone, tablet, or laptop over Wi-Fi network, bringing movies or music onto the big-screens.
UTStarcom Reports Unaudited Fourth Quarter and Full Year 2012 Financial Results
UTStarcom Holdings Corp., a provider of media operational support services and broadband equipment products and services, today reported financial results for the fourth quarter and full year ended December 31, 2012. Non-GAAP net sales from equipment for the twelve months ended December 31, 2012 were $133.8 million, a decrease of 9.8% year-over-year. Non-GAAP net sales from equipment-based services for the twelve months ended December 31, 2012 were $23.2 million, a decrease of 24.5% year-over-year. Net loss attributable to UTStarcom shareholders was $33.2 million (2011: Net income was $13.4 million). In mid-2012, the Company divested its underperforming IPTV equipment business and announced its new strategic plan that includes: deploy a TV over IP Services Platform, pursue internal product development and strategic acquisitions to build out these new services. Following this strategy, the company acquired a 44% stake in aioTV Inc., a international cloud-based video aggregation and distribution platform. And in October 2012, UTStarcom expanded its partnership with Chunghwa Telecom to further strengthen its broadband services in Taiwan. The company will be focusing its growth efforts in China and across Asia and expects to invest in and launch its TV over IP services in multiple countries during 2013.
Charm Communications Inc. Announces Unaudited Fourth Quarter and Full Year 2012 Results
Charm Communications Inc., an advertising agency in China, today announced its unaudited financial results for the fourth quarter ended December 31, 2012. Turnover was $823.9 million (-5.8% yoy). Revenues were $165.5 million (-40.9% yoy). Revenues for Charm's advertising agency business grew 34.9% year over year to $46.2 million in the full year 2012. Revenues for Charm's media investment management business were $112.8 million (-52.8% yoy). Net income declined 105.2% yoy to a net loss of $2.5 million in the full year 2012. Charm Communications explained that 2012 presented a challenging operating environment particularly for its media business, which was affected by regulatory changes in the satellite TV business. For the agency business, the digital turnover grew 80% year over year and Charm Communications expects its digital business to continue to grow rapidly.