Acorn International, Inc. Announces Unaudited Consolidated Earnings Results for the Quarter and Nine Months Ended September 30, 2017; Announces Earnings Guidance for 2018
For the nine months, the company's net revenues were $16,742,505 against $18,456,112 a year ago. Loss from operations was $5,382,886 against $1,717,541 a year ago. Net income attributable to Acorn International, Inc. was $4,878,622 against $11,353,400 a year ago. Income before income taxes and equity in losses of affiliates was $6,649,638 against $16,832,466 a year ago.
For the year 2018, the company expects that it will continue to emphasize the e-commerce channel and plans to introduce new products and product line extensions. The company will seek to increase revenues and improve profitability by focusing on its own proprietary brands.