SHANGHAI, Aug. 26, 2015 /PRNewswire/ -- Taomee Holdings
Limited (NYSE: TAOM) ("Taomee" or the "Company"), a leading
children's entertainment and media company in China, today reported its unaudited financial
results for the second quarter of 2015.
Highlights of the Second Quarter of
2015
- Total net revenues were US$8.7
million in the second quarter of 2015, a decrease of 3.6%
from US$9.0 million in the first
quarter of 2015 and a decrease of 17.6% from US$10.5 million in the second quarter of 2014.
This result hit the high end of management's previously announced
outlook, which was from US$8.2 million to
US$8.7 million for the second quarter of 2015.
- Net revenues from PC business were US$6.3 million in the second quarter of 2015, an
increase of 5.2% from US$6.0 million
in the first quarter of 2015 and a decrease of 18.0% from
US$7.7 million in the second quarter
of 2014.
- Net revenues from mobile business were US$0.8 million in the second quarter of 2015, a
decrease of 49.9% from US$1.5 million
in the first quarter of 2015 and an increase of 10.6% from
US$0.7 million in the second quarter
of 2014.
- Net revenues from offline business were US$1.6 million in the second quarter of 2015, an
increase of 8.6% from US$1.5 million
in the first quarter of 2015 and a decrease of 25.4% from
US$2.1 million in the second quarter
of 2014.
- Gross profit was US$5.7 million
in the second quarter of 2015, a decrease of 8.6% from US$6.2 million in the first quarter of 2015 and a
decrease of 24.7% from US$7.5 million
in the second quarter of 2014.
- Loss from operations was US$1.8
million in the second quarter of 2015, flat as compared with
a loss of US$1.8 million both in the
first quarter of 2015 and the second quarter of 2014.
- Non-GAAP net loss attributable to holders of ordinary shares
was US$1.3 million in the second
quarter of 2015, as compared with US$1.2
million in the first quarter of 2015 and US$0.2 million in the second quarter of
2014.
- Non-GAAP basic and diluted loss per ADS[1] were both
US$0.036 in the second quarter of
2015, as compared with US$0.034 for
both basic and diluted loss per ADS in the first quarter of 2015
and US$0.007 for both basic and
diluted loss per ADS in the second quarter of 2014.
|
[1] Each American
depositary share ("ADS") represents 20 ordinary shares.
|
Key Operating Metrics
- The number of active accounts ("ACA") for
the Company's virtual worlds under operation in mainland
China was approximately 34.3
million in the second quarter of 2015, a decrease of 12.9% from
39.4 million in the first quarter of 2015 and a decrease of 18.1%
from 41.9 million in the second quarter of 2014.
- Active paying accounts ("APA") for the
Company's virtual worlds under operation in mainland China were 0.5 million in the second quarter
of 2015, a decrease of 37.5% from 0.8 million in the first quarter
of 2015, and a decrease of 54.5% from 1.1 million in the second
quarter of 2014.
- Average revenue per user ("ARPU") for the
Company's virtual worlds under operation in mainland China was approximately RMB84 in the second quarter of 2015, an increase
of 78.7% as compared with RMB47 in
the first quarter of 2015 and an increase of 104.9% from
RMB41 in the second quarter of 2014.
The increase in ARPU was due to the decrease in APA during
the quarter.
- The number of downloads of the mobile
applications operated by the Company was approximately 1.2 million
in the second quarter of 2015, a decrease of 45.5% from 2.2 million
in the first quarter of 2015 and a decrease of 25.0% from 1.6
million in the second quarter of 2014. The decrease in the
number of mobile downloads was due to the absence of new mobile
games released during the quarter.
"Revenues for the second quarter came in at the high-end of our
previously announced guidance. As we entered into our
seasonally weak quarter of the year, we were able to execute our
growth plan. We remain vigilant on expenses throughout the
Company until we gain more clarity on future revenue levels and
product pipelines," commented Mr. Benson
Wang, co-founder and chief executive officer of Taomee.
Unaudited Financial Results for the Second Quarter of
2015
Net Revenues
Total net revenues were US$8.7
million in the second quarter of 2015, a decrease of 3.6%
from US$9.0 million in the first
quarter of 2015 and a decrease of 17.6% from US$10.5 million in the second quarter of
2014.
Net revenues from PC business were US$6.3
million in the second quarter of 2015, an increase of 5.2%
from US$6.0 million in the first
quarter of 2015 and a decrease of 18.0% from US$7.7 million in the second quarter of 2014. The
quarter-over-quarter (QoQ) increase was primarily contributed to
the positive feedback from pre-summer promotions of the Company's
virtual worlds. The year-over-year (YoY) decrease was mainly due to
the decrease in active paying accounts.
Net revenues from mobile business were US$0.8 million in the second quarter of 2015, a
decrease of 49.9% from US$1.5 million
in the first quarter of 2015 and an increase of 10.6% from
US$0.7 million in the second quarter
of 2014. The QoQ decrease was primarily due to the decrease in
royalty sharing of Reverse World and the absence of new
mobile games released during the quarter.
Net revenues from offline business were US$1.6 million in the second quarter of 2015, an
increase of 8.6% from US$1.5 million
in the first quarter of 2015 and a decrease of 25.4% from
US$2.1 million in the second quarter
of 2014. The QoQ increase was primarily due to the recognition of
Mole III film box office revenue sharing, while partially
offset by a decrease in the Company's toys business. The YoY
decrease was primarily due to the decrease in the Company's toys
and merchandise licensing businesses, while partially offset by the
contribution of Mole III film box office revenue
sharing.
Cost of Revenues
Total cost of revenues was US$3.0
million in the second quarter of 2015, an increase of 7.4%
from US$2.8 million in the first
quarter of 2015 and flat as compared with US$3.0 million in the second quarter of 2014.
PC business related cost of revenues was US$1.3 million in the second quarter of 2015,
flat as compared with US$1.3 million
in the first quarter of 2015 and a decrease of 22.8% from
US$1.6 million in the second quarter
of 2014. The YoY decrease was primarily due to the decrease in
bandwidth cost, depreciation expenses and payroll expenses.
Mobile business related cost of revenues was US$0.1 million in the second quarter of 2015, a
decrease of 28.8% from US$0.2 million
in the first quarter of 2015 and an increase of 210.0% from
US$51 thousand in the second quarter
of 2014. The YoY increase was due to an increase in payroll
expenses.
Offline business related cost of revenues was US$1.6 million in the second quarter of 2015, an
increase of 22.5% from US$1.3 million
in the first quarter of 2015 and an increase of 20.3% from
US$1.3 million in the second quarter
of 2014. The QoQ and YoY increases were both primarily due to the
increase in the Company's Mole III film production cost as
well as payroll expenses, while partially offset by a decrease in
cost related to the Company's toys business.
Gross Profit and Gross Margin
Gross profit was US$5.7 million in
the second quarter of 2015, a decrease of 8.6% from US$6.2 million in the first quarter of 2015 and a
decrease of 24.7% from US$7.5 million
in the second quarter of 2014.
Gross margin was 65.1% in the second quarter of 2015, as
compared with 68.7% in the first quarter of 2015 and 71.3% in the
second quarter of 2014.
Gross margin for the PC business was 79.8% in the second quarter
of 2015, as compared with 78.4% in the first quarter of 2015 and
78.6% in the second quarter of 2014.
Gross margin for the mobile business was 79.5% in the second
quarter of 2015, as compared with 85.6% in the first quarter of
2015 and 92.7% in the second quarter of 2014.
Gross margin for the offline business was 0.6% in the second
quarter of 2015, as compared with 11.9% in the first quarter of
2015 and 38.3% in the second quarter of 2014. Excluding the
margin impact from the Company's Mole III film, gross
margins would have been 32.5% in the second quarter of 2015.
Total Operating Expenses
Total operating expenses were US$7.4
million in the second quarter of 2015, a decrease of 6.5%
from US$8.0 million in the first
quarter of 2015 and a decrease of 19.9% from US$9.3 million in the second quarter of 2014.
- Product development expenses were US$3.4
million in the second quarter of 2015, a decrease of 5.7%
from US$3.6 million in the first
quarter of 2015 and flat as compared with US$3.4 million in the second quarter of 2014. The
QoQ decrease was primarily due to the decrease in payroll expenses,
while partially offset by an increase in mobile gaming outsourcing
fee.
- Sales and marketing expenses were US$2.2
million in the second quarter of 2015, a decrease of 18.5%
from US$2.7 million in the first
quarter of 2015 and a decrease of 24.9% from US$2.9 million in the second quarter of 2014. The
QoQ and YoY decreases were primary due to a decrease in film
promotion costs.
- General and administrative expenses were US$2.7 million in the second quarter of 2015, a
decrease of 11.8% from US$3.0 million
in the first quarter of 2015 and a decrease of 13.2% from
US$3.1 million in the second quarter
of 2014. The QoQ and YoY decreases were primarily due to the
decrease in indirect tax costs related to intercompany service
charges.
Loss from Operations
Loss from operations was US$1.8
million in the second quarter of 2015, flat as compared with
US$1.8 million both in the first
quarter of 2015 and the second quarter of 2014.
Share of Loss in Equity Method Investment
Share of loss in equity method investment was US$0.5 million in the second quarter of 2015, as
compared with US$0.4 million in the
first quarter of 2015 and US$0.2
million in the second quarter of 2014.
Net Loss Attributable to Holders of Ordinary
Shares
Net loss attributable to holders of ordinary shares was
US$1.6 million in the second quarter
of 2015, as compared with US$1.6
million in the first quarter of 2015 and US$0.8 million in the second quarter of 2014.
Basic and diluted loss per ADS were both US$0.046 in the second quarter of 2015, as
compared with US$0.045 for both basic
and diluted loss per ADS in the first quarter of 2015 and
US$0.023 for both basic and diluted
loss per ADS in the second quarter of 2014.
Non-GAAP net loss attributable to holders of ordinary shares was
US$1.3 million in the second quarter
of 2015, as compared with US$1.2
million in the first quarter of 2015 and US$0.2 million in the second quarter of 2014.
Non-GAAP basic and diluted loss per ADS were both US$0.036 in the second quarter of 2015, as
compared with US$0.034 for both basic
and diluted loss per ADS, in the first quarter of 2015 and
US$0.007 for both basic and diluted
loss per ADS in the second quarter of 2014.
Cash and Cash Equivalents
As of June 30, 2015, the Company
had US$70.5 million of cash and cash
equivalents, as compared with US$72.0
million as of March 31,
2015.
Capital Expenditures
The company had capital expenditures of US$0.1 million in the second quarter of 2015, as
compared with US$4.0 million in the
first quarter of 2015, and US$0.3
million in the second quarter of 2014. The Company's capital
expenditures were used primarily for (i) purchase of computer
hardware and equipment, (ii) prepayments for land use rights, and
(iii) payments for intangible assets. Actual future capital
expenditures may differ from the amounts indicated above.
Share-based Compensation
Share-based compensation was US$0.4
million for the second quarter of 2015 as compared with
US$0.4 million in the first quarter
of 2015 and US$0.6 million in the
second quart of 2014.
Recent Business Highlights
- On June 1, 2015, the
Company announced that it received a preliminary non-binding
proposal from Mr. Benson Haibing
Wang, Mr. Roc Yunpeng Cheng,
and Orient Securities Ruide (Shanghai) Investment Management Co., Ltd., a
subsidiary of Orient Securities Company Limited (collectively, the
"Consortium Members"), proposing a "going-private" transaction to
acquire all of the outstanding shares of Taomee for US$3.588 in cash per ADS, each representing 20
ordinary shares. The Board of Directors also formed a special
committee of independent directors, comprising Mr. JP Gan, Mr.
Shengwen Rong and Mr. Ted Lai, to review and evaluate the proposal. On
June 26, 2015, the Company announced
that the special committee has retained Duff & Phelps
Securities, LLC as its independent financial advisor and Ropes
& Gray as its legal counsel in regards with the evaluation
process. At this time, no decisions have been made with respect to
Taomee's response to this proposal. There can be no assurance that
any definitive offer will be made, that any agreement will be
executed or that the proposal or any other transaction will be
approved or consummated.
- On July 23, 2015, Taomee
in partnership with Enlight Media, released the fifth installment
of Seer film franchise, Seer 5: Rise of Thunder, in major
theatres throughout China. As of August 26, 2015, the film has generated over
RMB56 million (approximately
US$9 million) in box-office sales;
Glove Game also commercially launched a mobile racing game with the
same name in July 2015.
Non-GAAP Financial Measures
To supplement the financial measures prepared in accordance with
generally accepted accounting principles in the United States, or GAAP, this press release
presents non-GAAP net income attributable to the Company's
shareholders and non-GAAP earnings per ADS by excluding share-based
compensation and impairment charges from net income attributable to
the Company's shareholders and from the calculation of earnings per
ADS. The Company believes these non-GAAP financial measures are
important to help investors understand the Company's operating and
financial performance compare business trends among different
reporting periods on a consistent basis and assess the Company's
core operating results. The use of the above non-GAAP
financial measures has certain limitations. Share-based
compensation charge has been and will continue to be incurred and
is not reflected in the presentation of the non-GAAP financial
measures; it should be considered in the overall evaluation of the
Company's results. None of the non-GAAP measures is a measure
of net income attributable to the Company's shareholders, operating
profit, operating performance or liquidity presented in accordance
with GAAP. The Company compensates for these limitations by
providing the relevant disclosure of its share-based compensation
and impairment charges in its reconciliations to the most directly
comparable GAAP financial measures, which should be considered when
evaluating the Company's performance. These non-GAAP financial
measures should be considered in addition to financial measures
prepared in accordance with GAAP, but should not be considered a
substitute for, or superior to, financial measures prepared in
accordance with GAAP. Reconciliation of each of these non-GAAP
financial measures to the most directly comparable GAAP financial
measure is set forth at the end of this release.
Conference Call
The Company will host a conference call and live webcast at
7:00 a.m. ET (New York) on Wednesday,
August 26, 2015 (which is 7:00
p.m. in China on
Wednesday, August 26, 2015). A brief
presentation to accompany the conference call will be available on
the Company's IR website
(http://ir.taomee.com/phoenix.zhtml?c=243417&p=irol-reportsannual)
before the call.
The dial-in details for the live conference call are:
|
Conference
ID:
|
16002799
|
|
U.S.
toll-free:
|
+1-866-519-4004
|
|
Hong Kong
toll-free:
|
800-906-601
|
|
International:
|
+65-6713-5090
|
|
China
Mainland:
|
400-620-8038
|
|
Passcode:
|
Taomee
|
A live webcast and archive of the conference call will be
available on the Investor Relations section of Taomee's website at
http://edge.media-server.com/m/p/ntv6q8nn. A telephone replay
of the call will be available after the conclusion of the
conference call at 07:00 a.m. ET on
August 27, 2015 through 09:59 a.m. ET, September
3, 2015. The dial-in details for the telephone replay
are:
|
Conference
ID:
|
16002799
|
|
International:
|
+61-2-8199-0299
|
|
China:
|
400-632-2162
|
About Taomee Holdings Limited
Taomee Holdings Limited ("Taomee" or "the Company") is
China's leader in children's
entertainment and media. Its award winning content offerings are
both engaging and educational, endearing it to children, as well as
to parents and teachers. The Company was founded in 2007 with the
mission to bring joy and inspiration to children. Its popular
character franchises, including SEER and MOLE'S WORLD, are
distributed online via virtual worlds, web games and mobile
applications, as well as through traditional media, including
animated box office films, TV series, books and consumer products,
most notably toys and trading cards. Its online community regularly
achieves top search ranking in China, Hong
Kong and Taiwan. Taomee has
been consistently recognized for its leadership and innovative
contributions to the children's market, including accolades from
China's Ministry of Culture and
the China Animation Association.
For more information, please visit:
http://www.taomee.com/en_taomee.html
- Visit online virtual world communities at www.61.com
- Watch animations and films at http://v.61.com/
- Download mobile games and applications at http://m.61.com/
- Share with other parents and caregivers at
http://mama.61.com/
Safe Harbor Statements
This press release contains statements that may constitute
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and as defined in the
U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by words or phrases
such as "may," "will," "expect," "anticipate," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. Among other things, the
management's quotations and outlook information contain
forward-looking statements. These forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the Company's actual results, performance or
achievements to be materially different from those expressed or
implied by the forward-looking statements. Potential risks and
uncertainties include, but are not limited to: the Company's
business strategies and initiatives as well as business plans;
future business development, results of operations and financial
condition; expected changes in revenues and certain cost or expense
items; expectations with respect to increased revenue growth and
the Company's ability to sustain profitability; the Company's
services and products under development or planning; the Company's
ability to attract users and further enhance the Company's brand
recognition; and trends and competition in the children's
entertainment and media market and industry, including those for
online entertainment. Further information regarding these and other
risks is included in Taomee's annual report on Form 20-F and other
documents filed with the U.S. Securities and Exchange Commission.
All information provided in this press release is as of the date of
the press release, and the Company undertakes no obligation to
update any forward-looking statements to reflect subsequent
occurring events or circumstances, or changes in its expectations,
except as required under applicable law. Although the Company
believes that the expectations expressed in these forward looking
statements are reasonable, the Company cannot assure you that their
expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results.
For further information, please contact
Angela Wang
Taomee Holdings Limited
+86-21-61280056 Ext 8651
ir@taomee.com
|
Taomee Holdings
Limited - Unaudited Consolidated Balance Sheets
|
|
|
|
|
|
In
USD
|
|
In
USD
|
|
June
30
|
|
March
31
|
|
2015
|
|
2015
|
|
ASSETS
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
$
70,488,576
|
|
$
71,972,847
|
|
Accounts receivable,
net
|
3,123,668
|
|
3,357,556
|
|
Inventory
|
541,530
|
|
466,370
|
|
Prepaid Income
tax
|
512,773
|
|
849,250
|
|
Due from related
parties
|
336,777
|
|
2,615,264
|
|
Prepayments and other current assets
|
7,264,738
|
|
5,939,838
|
|
Deferred tax assets, current
|
5,878,004
|
|
5,850,634
|
|
Total current
assets
|
88,146,066
|
|
91,051,759
|
|
|
|
|
|
Investment in equity
investees
|
16,850,025
|
|
17,329,674
|
|
Property and
equipment, net
|
1,719,120
|
|
1,801,737
|
|
Prepayments for land
use rights and building
|
4,965,977
|
|
4,942,854
|
|
Acquired intangible
assets
|
991,164
|
|
1,047,919
|
|
Other
assets
|
2,075,533
|
|
1,578,786
|
|
Total
assets
|
$
114,747,885
|
|
$
117,752,729
|
|
|
|
|
|
LIABILITIES
AND EQUITY
|
|
|
|
|
|
|
|
|
Current
liabilities:
|
|
|
|
|
Accounts payable
|
$
1,182,460
|
|
$
1,185,774
|
|
Advance from customers
|
7,087,820
|
|
8,495,028
|
|
Due to related parties
|
315,798
|
|
366,845
|
|
Deferred revenue
|
12,382,149
|
|
12,616,242
|
|
Deferred tax liabilities, current
|
699,417
|
|
696,160
|
|
Accrued expenses and other current liabilities
|
4,205,309
|
|
4,274,235
|
|
Total current
liabilities
|
25,872,953
|
|
27,634,284
|
|
|
|
|
|
Equity
|
|
|
|
|
Taomee Holdings
Limited shareholders' equity
|
|
|
|
|
Ordinary shares
($0.00002 par value;
875,000,000 shares authorized; 752,275,006
and 751,820,760 shares issued; 706,168,586
and 706,823,860 outstanding as of June 30,
2015 and March 31, 2015, respectively)
|
15,045
|
|
15,036
|
|
Treasury stock (at cost)
|
(12,075,318)
|
|
(11,900,702)
|
|
Additional paid-in
capital
|
77,019,974
|
|
76,692,897
|
|
Retained earnings
|
19,498,088
|
|
21,108,150
|
|
Accumulated other comprehensive income
|
4,241,010
|
|
3,921,578
|
|
Taomee Holdings
Limited shareholders' equity
|
88,698,799
|
|
89,836,959
|
|
Noncontrolling
interests
|
176,133
|
|
281,486
|
|
Total
equity
|
$
88,874,932
|
|
$
90,118,445
|
|
|
|
|
|
TOTAL LIABILITIES
AND EQUITY
|
$
114,747,885
|
|
$
117,752,729
|
|
Taomee Holdings
Limited - Unaudited Consolidated Statements of
Operations
|
|
|
|
|
|
|
|
In USD, except for
share data
|
|
For three months
ended
|
|
|
|
June
30,
|
|
|
March
31,
|
|
|
June
30,
|
|
|
|
2015
|
|
|
2015
|
|
|
2014
|
|
Revenues:
|
|
|
|
|
|
|
|
|
|
|
PC
business, net
|
|
$
|
6,310,923
|
|
$
|
6,000,333
|
|
$
|
7,692,791
|
|
Mobile business, net
|
|
|
766,061
|
|
|
1,529,565
|
|
|
692,704
|
|
Offline business, net
|
|
|
1,611,865
|
|
|
1,484,671
|
|
|
2,159,864
|
|
Total net
revenues
|
|
|
8,688,849
|
|
|
9,014,569
|
|
|
10,545,359
|
|
|
|
|
|
|
|
|
|
|
|
Cost of
revenues
|
|
|
|
|
|
|
|
|
|
|
PC
business
|
|
|
(1,271,940)
|
|
|
(1,294,944)
|
|
|
(1,646,851)
|
|
Mobile business
|
|
|
(157,322)
|
|
|
(220,977)
|
|
|
(50,757)
|
|
Offline business
|
|
|
(1,601,830)
|
|
|
(1,307,427)
|
|
|
(1,332,060)
|
|
Total cost of
revenues
|
|
|
(3,031,092)
|
|
|
(2,823,348)
|
|
|
(3,029,668)
|
|
|
|
|
|
|
|
|
|
|
|
Gross
profit
|
|
|
5,657,757
|
|
|
6,191,221
|
|
|
7,515,691
|
|
|
|
|
|
|
|
|
|
|
|
Operating income
(expenses):
|
|
|
|
|
|
|
|
|
|
|
Product development
|
|
|
(3,391,747)
|
|
|
(3,596,853)
|
|
|
(3,449,780)
|
|
Sales and marketing
|
|
|
(2,193,696)
|
|
|
(2,690,336)
|
|
|
(2,920,316)
|
|
General and administrative
|
|
|
(2,668,029)
|
|
|
(3,026,623)
|
|
|
(3,072,832)
|
|
Other operating income, net
|
|
|
808,659
|
|
|
1,349,479
|
|
|
147,346
|
|
Total operating
expenses
|
|
|
(7,444,813)
|
|
|
(7,964,333)
|
|
|
(9,295,582)
|
|
|
|
|
|
|
|
|
|
|
|
Loss from
operations
|
|
|
(1,787,056)
|
|
|
(1,773,112)
|
|
|
(1,779,891)
|
|
|
|
|
|
|
|
|
|
|
|
Interest
income
|
|
|
456,469
|
|
|
578,017
|
|
|
639,340
|
|
Other income
(expenses), net
|
|
|
59,810
|
|
|
(86,294)
|
|
|
109,650
|
|
Loss before income
taxes and
share of loss in equity method
investments
|
|
|
|
|
|
|
|
|
|
|
(1,270,777)
|
|
(1,281,389)
|
|
|
(1,030,901)
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
benefit
|
|
|
7,050
|
|
|
14,980
|
|
|
374,068
|
|
|
|
|
|
|
|
|
|
|
|
Share of loss in
equity method
investments
|
|
|
(479,649)
|
|
|
(363,281)
|
|
|
(180,905)
|
|
Net
loss
|
|
|
(1,743,376)
|
|
|
(1,629,690)
|
|
|
(837,738)
|
|
|
|
|
|
|
|
|
|
|
|
Less: Net loss
attributable to non-
controlling interest
|
|
|
(133,314)
|
|
|
(25,106)
|
|
|
(17,806)
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
attributable to holders
of ordinary shares
|
|
$
|
(1,610,062)
|
|
$
|
(1,604,584)
|
|
$
|
|
(819,932)
|
|
Loss per
ADS
|
|
|
|
|
|
|
|
|
|
-Basic
|
|
$
|
(0.046)
|
|
$
|
(0.045)
|
|
$
|
(0.023)
|
|
-Diluted
|
|
$
|
(0.046)
|
|
$
|
(0.045)
|
|
$
|
(0.023)
|
|
Weighted average
number of
shares used in calculation
|
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
|
706,345,031
|
|
|
707,478,950
|
|
|
710,655,033
|
|
- Diluted
|
|
|
706,345,031
|
|
|
707,478,950
|
|
|
710,655,033
|
|
Weighted average
number of
ADS used in calculation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- Basic
|
|
|
35,317,252
|
|
|
35,373,947
|
|
|
35,532,752
|
|
- Diluted
|
|
|
35,317,252
|
|
|
35,373,947
|
|
|
35,532,752
|
|
Taomee Holdings
Limited - Unaudited Consolidated Other Comprehensive
Income
|
|
|
In USD,
For three months ended
|
|
|
June
30,
|
|
|
March
31,
|
|
|
June
30,
|
|
|
2015
|
|
|
2015
|
|
|
2014
|
|
Net
loss
|
$
|
(1,743,376)
|
|
$
|
(1,629,690)
|
|
$
|
(837,738)
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive
income/(loss), net of tax
|
|
|
|
|
|
|
|
|
|
Foreign currency
translation adjustments
|
|
319,432
|
|
|
(266,841)
|
|
|
(17,037)
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
loss
|
|
(1,423,944)
|
|
|
(1,896,531)
|
|
|
(854,775)
|
|
Comprehensive loss
attributable to noncontrolling interest
|
|
(133,314)
|
|
|
(25,106)
|
|
|
(17,806)
|
|
Comprehensive loss
attributable to Taomee Holdings Limited
|
$
|
(1,290,630)
|
|
$
|
(1,871,425)
|
|
$
|
(836,969)
|
|
Taomee Holdings
Limited - Reconciliation of Non-GAAP and GAAP
Results
|
|
|
|
|
|
|
|
In USD, except for
share data
|
|
|
|
For three months
ended
|
|
|
|
June
30,
|
|
|
March
31,
|
|
|
June
30,
|
|
|
|
2015
|
|
|
2015
|
|
|
2014
|
|
Reconciliation
from Non-GAAP
measures to GAAP measures
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP net loss
attributable to
holders of ordinary shares
|
|
$
|
(1,259,992)
|
|
$
|
(1,204,277)
|
|
$
|
(235,964)
|
|
Share-based
compensation
|
|
|
(350,070)
|
|
|
(400,307)
|
|
|
(583,968)
|
|
GAAP net loss
attributable to holders
of ordinary shares
|
|
$
|
(1,610,062)
|
|
$
|
(1,604,584)
|
|
$
|
(819,932)
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP loss per
ADS
|
|
|
|
|
|
|
|
|
|
|
-Basic
|
|
$
|
(0.036)
|
|
$
|
(0.034)
|
|
$
|
(0.007)
|
|
-Diluted
|
|
$
|
(0.036)
|
|
$
|
(0.034)
|
|
$
|
(0.007)
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/taomee-reports-second-quarter-2015-unaudited-financial-results-300133444.html
SOURCE Taomee Holdings Limited