Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Hurray Records USD 31 mln Q4 Loss

Hurray Press Release, 3/06/08

Wireless value-added service (WVAS) provider Hurray (Nasdaq: HRAY) has issued its earnings report for Q4 2007, with net revenues reaching USD 16.7 mln, up 23.0% quarter-on-quarter, but down 1.1% year-on-year. 2007 full-year net revenues dropped to USD 61.4 mln, a decrease of 10.7% over the 2006 figure.

Net loss for the quarter came to USD 31.3 mln, compared to net income of USD 1.6 mln for the same period in 2006. Net loss for fiscal year 2007 was USD 41.7 mln, compared to net income of USD 5.8 mln in 2006.

WVAS revenues for the quarter were USD 11.9 mln, up 4.2% quarter-on-quarter but down 21.5% year-on-year. Recorded music revenues from Hurray's record label businesses were USD 4.9 mln, up 117.8% quarter-on-quarter and 171.3% year-on-year.

The company estimates Q1 2008 total consolidated revenues will reach USD 13.5-14.5 mln.

To view Hurray's extended Q4 and full-year 2007 earnings report, please click here.

Keywords: fiscal report mobile music revenue profit 2007 HRAY Hurray Q1 2008 Q4 2007 record label wireless WVAS

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports