Revenue Update on Chinanet Online Holdings Inc(NASDAQ:CNET)

Chinanet Online Holdings Inc(NASDAQ:CNET) announced the earnings results for Fiscal Year 2015 and Q4. The results came in during After-hours on Apr 14, 2016. Earnings per share were $-0.15.

Chinanet Online Holdings Inc (CNET) made into the market gainers list on Mondays trading session with the shares advancing 1.52% or 0.01 points. Due to strong positive momentum, the stock ended at $0.67, which is also near the day’s high of $0.68. The stock began the session at $0.65 and the volume stood at 27,396 shares. The 52-week high of the shares is $1.76 and the 52 week low is $0.61. The company has a current market capitalization of $20 M and it has 3,03,55,722 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Apr 21, 2015, Douglas Charles Maclellan (director) sold 50,000 shares at $0.00 per share price.

ChinaNet Online Holdings Inc. is a holding company that conducts its businesses through its People’s Republic of China (PRC) subsidiary and operating entities (VIEs). The Company is a business-to-businesses (B2B) Internet Technology company that provides online-to-offline (O2O) sales channel expansion services for small and medium-sized enterprises (SMEs) and entrepreneurial management and networking services for entrepreneurs in the PRC. The Company operates through six segments: Internet advertisement Technical services Search engine marketing service (SEM) Television Advertising Bank kiosks and Brand management and sales channel building. The Company’s Internet advertising SEM services and technical services are collectively called as Internet advertisement and related services. The Company’s products and services include Internet Advertising and Marketing Television Advertising Bank Kiosks and Brand management and sales channel building.

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