Know More About AirMedia Group Inc (ADR) (NASDAQ:AMCN)

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Dallas, Texas 03/27/2014 (FINANCIALSTRENDS) – AirMedia Group Inc (ADR) (NASDAQ:AMCN), a leading operator of various out-of-home advertising platforms operates in China and is targeting “mid-to-high-end” consumers. The company has announced its unaudited fiscal results for the Q4 and the full-year that ended 31 December 2013.The total revenues dropped by 6.7% y-o-y and rose by 13.8% q-o-q to US$78.6 million. The y-o-y drop was mainly because of the company’s termination of its operations of some unprofitable / low-margin contracts. Net revenues dropped by 6.6% y-o-y and rose by 13.4% q-o-q to US$77.2 million. The net income that was attributable to AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s shareholders was US$1.5M.

Basic & diluted net-income attributable to AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s shareholders per ADS were both US$0.02.Adjusted net-income attributable to the company’s shareholders, that is net income that is attributable to AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s shareholders excluding the share-based compensation-expenses, amortization of the acquired intangible assets and impairment of goodwill, as well as the impairment of its intangible assets, was US$2.1 million. Adjusted basic net-income attributable to AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s shareholders for each ADS (non-GAAP) that is adjusted net-income that is attributable to its shareholders (non-GAAP) and divided by the number of ADSs that are outstanding, was US$0.04.

The adjusted diluted net-income that is attributable to AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s shareholders/ ADS (non-GAAP), that is adjusted net-income attributable to the company’s shareholders (non-GAAP) and divided by the total number of ADSs that are outstanding as adjusted for the dilution post taking into account the option grants under its current Share Incentive-Plan, was US$0.04. AirMedia Group Inc (ADR) (NASDAQ:AMCN) is a holding company. It is an operator of various out-of-home adv platforms in China. AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s digital frames include the standalone digital frames & TV-attached digital frames. Standalone digital-frames display advertisements on the vertical/horizontal display panels that ranged in size from 40 -108 inches.

(NASDAQ:AMCN)’s shareholders/ ADS (non-GAAP), that is adjusted net-income attributable to the company’s shareholders (non-GAAP) and divided by the total number of ADSs that are outstanding as adjusted for the dilution post taking into account the option grants under its current Share Incentive-Plan, was US$0.04. AirMedia Group Inc (ADR) (NASDAQ:AMCN) is a holding company. It is an operator of various out-of-home adv platforms in China. AirMedia Group Inc (ADR) (NASDAQ:AMCN)’s digital frames include the standalone digital frames & TV-attached digital frames. Standalone digital-frames display advertisements on the vertical/horizontal display panels that ranged in size from 40 -108 inches.

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