NASDAQ-listed, China Finance Online (CFO) announced that its third quarter revenues were US$15.2 million. That figure is more than double the US$7.3 million recorded in the third quarter of 2007. GAAP net income was US$4.8 million, up 151% from the US$1.9 million in the same quarter last year.
These impressive results were driven by CFO’s active paid individual subscriber base which increased to 115,000, up 153% from the 45,500 in the same quarter last year. Registered users also jumped from 8.1 million in the third quarter in 2007 to 10.9 million in 2008, an increase of 35%. BSG Newsletter 28 November 2008 CFO forecast fourth quarter revenues to range from US$14.5 million to US$15.0 million which would be a 63% to 69% increase over the fourth quarter of 2007. Source: Courtesy Business Strategies Group, Hong Kong – www.bsgasia.com