Revenue Update on Acorn International (ADR)(NYSE:ATV)

Acorn International (ADR)(NYSE:ATV) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Jul 8, 2016. Earnings per share were $-0.49.

Acorn International (ADR) (ATV) shares turned negative on Wednesdays trading session with the shares closing down -0.22 points or -3.61% at a volume of 8,354. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.25. The peak price level was also seen at $6.25 while the days lowest was $5.8125. Finally the shares closed at $5.87. The 52-week high of the shares is $20.85 while the 52-week low is $1.77. According to the latest information available, the market cap of the company is $22 M.

Acorn International Inc. is a China-based marketing and branding company. The Company’s business consists of two main divisions: direct-sales platforms and the company’s distribution network. The Company’s direct-sales business involves marketing and selling products directly to consumers in China through various platforms including its outbound marketing platform Internet sales and catalog sales. Through its outbound marketing platform the Company operates call centers that directly market consumer products to individual customers in China. The Company conducts its Internet sales business both through its Website and on the platforms of e-commerce companies. In addition to its direct-sales platforms the Company maintains a distribution network through which it distributes some of its products promoted by its direct-sales platforms including its various product lines.

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