Last $8.57 USD
Change Today -0.08 / -0.92%
Volume 15.0K
KZ On Other Exchanges
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As of 10:51 AM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

kongzhong corp-adr (KZ) Snapshot

Open
$8.64
Previous Close
$8.65
Day High
$8.69
Day Low
$8.57
52 Week High
09/6/13 - $14.92
52 Week Low
12/31/13 - $7.02
Market Cap
389.0M
Average Volume 10 Days
46.9K
EPS TTM
$0.56
Shares Outstanding
45.4M
EX-Date
--
P/E TM
15.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for KONGZHONG CORP-ADR (KZ)

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kongzhong corp-adr (KZ) 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.

1,116 Employees
Last Reported Date: 05/28/14
Founded in 2002

kongzhong corp-adr (KZ) Top Compensated Officers

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Executives, Board Directors

kongzhong corp-adr (KZ) Key Developments

Kongzhong Corp. Reports Financial Results for the First Quarter Ended March 31, 2014; Provides Revenue Outlook for the Second Quarter of 2014

Kongzhong Corp. reported financial results for the first quarter ended March 31, 2014. Net income for the first quarter ended March 31, 2014 was $9.95 million, or $0.21 per diluted ADS, compared to $6.80 million, or $0.16 per diluted ADS, for the same quarter ended March 31, 2013. Net revenues for the first quarter ended March 31, 2014 were $48.95 million, compared to $46.11 million for the same quarter ended March 31, 2013. Income from operations for the first quarter ended March 31, 2014 was $8.48 million, compared to $5.62 million for the same quarter ended March 31, 2013. The company expects total revenues to be in the range of $57.5 million to $58.5 million for the second quarter of 2014.

Kongzhong Corp. will Change its Ticker to KZ from KONG

Effective June 16, 2014, Kongzhong Corp. will change its Nasdaq Global Select stock ticker symbol to KZ from KONG.

Kongzhong Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter Ending June 30, 2014

Kongzhong Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $49,607,000 against $47,937,000 a year ago. Income from operations was $8,477,000 against $5,616,000 a year ago. Income before tax expense was $10,248,000 against $7,019,000 a year ago. Net income was $9,950,000 against $6,805,000 a year ago. Non-GAAP net income was $10,613,000 against $8,897,000 a year ago. Non-GAAP diluted net income per ADS was $0.23 against $0.21 a year ago. Diluted earnings per ADS were $0.21 against $0.16 a year ago. Net cash provided by operating activities was $4,796,000 against $15,630,000 a year ago. Purchase of property and equipment was $2,075,000 against $935,000 a year ago. For the second quarter ending June 30, 2014, the company expects total revenues to be within the range of $57.5 million to $58.5 million. Net loss to be $0.5 million to $1.5 million and Non-GAAP net profit is expected to be roughly break even.

 

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Industry Analysis

KZ

Industry Average

Valuation KZ Industry Range
Price/Earnings 16.4x
Price/Sales 2.2x
Price/Book 1.2x
Price/Cash Flow 16.7x
TEV/Sales 1.3x
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