On 05 Oct 2019, China Finance Online Co. (NASDAQ: JRJC) started its trading session with the price $0.72 and closed at price of $0.75 by scoring 0%. Day range of the stock was $0.72 – $0.75. JRJC stock traded with total volume of 6301 shares while the average trading capacity remained 14941 shares. Earnings per share was $-0.88. JRJC has total market capitalization of $18217020.
China Finance Online Co. Limited (GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional consumers, recently reported its unaudited financial results for the second quarter and first six months ended June 30, 2019.
First Six Months of 2019 Financial Results
Net revenues for the first six months of 2019 were $18.8M, contrast with $26.2M in the first six months of 2018.
Gross profit for the first six months of 2019 was $12.0M, contrast with $16.7M in the first six months of 2018.
Net loss attributable to China Finance Online for the first six months of 2019 was $5.7M, contrast to a net loss of $9.5M in the first six months of 2018.
Fully diluted losses per ADS attributable to China Finance Online was $0.25 for the first six months of 2019, contrast with fully diluted loss of $0.42 for the first six months of 2018.
As of June 30, 2019, total shareholders’ equity of China Finance Online was $30.1M. Total cash and cash equivalents, short-term and long-term investments were $9.6M.
Net profit margin of the firm was recorded at -38.50% and operating profit margin was calculated at -44.90% while gross profit margin was measured as 63.70%. Beta factor, which measures the riskiness of the security, was registered at 1.82.
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