SINGAPORE (Yosefardi) – Linktone Ltd. anticipates anticipates gross revenues to be in the range of $10 million to $12 million for the second quarter ending June 30, 2013 (Q2).
It reported that gross revenues increased 2% from the fourth quarter of 2012 to $11.4 million in the first quarter of 2013.
Gross profit for the first quarter of 2013 was $3.7 million, 3% lower than fourth quarter 2012, while gross profit margin decreased to 32%.
Meanwhile GAAP net loss increased to $3.8 million, or $0.09 per diluted ADS, in the first quarter of 2013, compared with GAAP net loss of $3.7 million, or $0.09 per diluted ADS, in the fourth quarter of 2012.
Linktone Ltd. is a provider of rich and engaging services and content to a wide range of traditional and new media consumers and enterprises in Mainland China, Indonesia, Malaysia, Hong Kong and Singapore.