Last $10.79 USD
Change Today +0.06 / 0.56%
Volume 285.7K
KONG On Other Exchanges
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As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

kongzhong corp-adr (KONG) Snapshot

Open
$10.75
Previous Close
$10.73
Day High
$10.93
Day Low
$10.54
52 Week High
09/6/13 - $14.92
52 Week Low
06/24/13 - $5.95
Market Cap
452.7M
Average Volume 10 Days
287.0K
EPS TTM
$0.51
Shares Outstanding
42.0M
EX-Date
--
P/E TM
21.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for KONGZHONG CORP-ADR (KONG)

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kongzhong corp-adr (KONG) Details

KongZhong Corporation provides digital entertainment services in the People’s Republic of China. The company operates through three segments: WVAS, Mobile Games, and Internet Games. The WVAS (Wireless Value-Added Services) segment provides interactive entertainment, media, and other interactive services to mobile phone users through various second generation standard, or 2G, technology platforms, as well as through various ‘second and a half’ generation standard, or 2.5G, technology and operating platforms. This segment offers various WVAS, such as mobile games, pictures, karaoke, electronic books, mobile phone personalization features, entertainment news, chat, and message boards. The Mobile Games segment develops and publishes mobile games, including action, role-playing, and leisure games for mobile phone users. The Internet Games segment develops Internet games. KongZhong Corporation sells its WVAS and mobile games primarily through telecommunication operators, as well as other distribution partners. The company was formerly known as Communication Over The Air Inc. and changed its name to KongZhong Corporation in March 2004. KongZhong Corporation was founded in 2002 and is headquartered in Beijing, the People’s Republic of China.

Founded in 2002

kongzhong corp-adr (KONG) Top Compensated Officers

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kongzhong corp-adr (KONG) Key Developments

Kongzhong Corp. Announces Open Beta Launch for Guild Wars 2

KongZhong Corporation announced details for the China launch of Guild Wars 2(R), the groundbreaking fantasy MMO developed by ArenaNet. KongZhong announced that the open beta launch for Guild Wars 2 in mainland China will start on May 15(th), the first territory in Asia to launch the game, with pre-orders beginning on April 2(nd). The pre-order sales period will continue until April 30(th), with four different editions available: Digital Edition (RMB 88, limited to 500,000 copies during the pre-order period), Physical Edition (RMB 158), Revolutionary Edition (RMB 198), and Collector's Edition (RMB 698, limited to 10,000 copies during the pre-order period). As the most anticipated online role playing game in China in 2014, Guild Wars 2 China is following the same business model that has helped make the game a hit in the West, offering a CDKey model where people just pay once and then play the game without subscription fees. The model is quite revolutionary, as the for a MMO product in China's game market.

Kongzhong Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter Ending March 31, 2014

Kongzhong Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's revenues were $43,838,000 compared to $42,631,000 for the same period of last year. Profit before tax expense was $10,310,000 compared to income before tax of $5,170,000 for the same period of last year. Net income was $10,026,000 or $0.21 per diluted ADS was compared to net income of $4,770 or $0.11 per diluted ADS for the same period of last year. Non-GAAP net income was $10,653,000 or $0.23 per diluted ADS compared to $7,740,000 or $0.18 per diluted ADS for the same period of last year. For the year, the company's revenues were $179,440,000 compared to $186,380,000 for the same period of last year. Income before tax expense was $21,374,000 compared to income before tax of $29,231,000 for the same period of last year. Net income was $20,662,000 or $0.47 per share compared to $25,740,000 or $0.60 per share for the same period of last year. Net cash provided by operating activities was $35,730,000 compared to $46,655,000 for the same period of last year. Purchase of property and equipment was $1,516,000 compared to $4,969,000 for the same period of last year. Purchase of intangible assets was $1,565,000 compared to $13,667,000 for the same period of last year. Non-GAAP net income was $28,873,000 or $0.66 per diluted ADS compared to $35,920,000 or $0.83 per diluted ADS for the same period of last year. For the first quarter ending March 31, 2014, the company expects total revenues within the range of $45.5 million to $46.5 million, with business unit revenues at the mid-point expected to roughly consist of WVAS revenues of $13.5 million, mobile game revenues of $8.5 million and net game revenues of $24.0 million. The company expects total gross profit to be within the range of $22.5 million to $23.5 million, net profit to be $9.5 million to $10.5 million, and non-GAAP net profit is expected to be $10.5 million to $11.5 million.

Kongzhong Corp., Q4 2013 Earnings Call, Feb 24, 2014

Kongzhong Corp., Q4 2013 Earnings Call, Feb 24, 2014

 

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Price/Earnings 100.0x
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Price/Cash Flow 18.0x
TEV/Sales 1.1x
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