Editorial Summary

Chinese online financial information and listed-company data provider China Finance Online Co. Limited (Nasdaq: JRJC) announced first quarter results after market close on Thursday. Company net revenues reached $11.06 million, up 24 percent quarter-on-quarter and 177 percent year-on-year. Subscription service fees paid by individual customers made up 87 percent of revenues, while 6 percent were from advertising services, and 3 percent from wireless value-added services (WVAS).

Through the end of the quarter, the company had 9.8 million registered user accounts for jrj.com and stockstar.com, compared to 9 million in the previous quarter. The company's fee paying subscribers grew 34 percent quarter-on-quarter to 75,300.

China Finance Online recorded net income of $3.51 million, up from a $8.37 million loss in the previous quarter and an increase of 353 percent year-on-year. The company expects second quarter revenue to come in between $13 million and $13.5 million with non-GAAP adjusted earnings between $5.5 million and $6 million. The company has increased full year guidance to between $56 million and $61 million.