NQ Mobile Q1 Revenue Hits Record
May 15th 2013 7:29PM
Updated May 15th 2013 9:00PM
NQ Mobile hit a new record in its first fiscal quarter. Its new report reveals that revenue hit an all-time high of $33.2 million, more than double the nearly $16 million the company posted in the same period the previous year. Attributable net profit also rose, climbing to $2.9 million ($0.05 per diluted share) from Q1 2012's $2.1 million ($0.04).
NQ Mobile also provided top-line forward guidance. For its current Q2 2013, net revenues are expected to come in at $38.5 million to $38.8 million. The same line item for the entirety of fiscal 2013 is now estimated at $179 million to $184 million, an uptick from the company's previous guidance of $178 million to $183 million.
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