Taomee Holdings Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, total net revenue was $9,594,902 against $10,430,747 a year ago. Profit from operations was $66,847 against $759,769 a year ago. Income before income taxes and share of profit in equity method investments was $960,027 against $2,505,002 a year ago. Net income attributable to holders of ordinary shares was $961,615 or $0.03 per diluted share against $2,252,866 or $0.04 per diluted share a year ago. Non-GAAP net income attributable to holders of ordinary shares was $1,561,627 or $0.04 per diluted share against $2,166,858 or $0.06 per diluted share a year ago. Net revenues for the second quarter of 2013 are expected to be in the range of $9.0 million to $9.5 million. This forecast reflects the company's current and preliminary view, which is subject to change.

Taomee Holdings Ltd., Q1 2013 Earnings Call, May 23, 2013

Taomee Holdings Ltd. announced unaudited consolidated financial results for the fourth quarter and fiscal year ended December 31, 2012. For the quarter, total net revenues were $7.5 million, as compared with $8.6 million in the fourth quarter of 2011. Net income attributable to holders of ordinary shares increased 39.2% to $2.3 million, as compared with $1.6 million in the fourth quarter of 2011. Basic and diluted earnings per ADS increased to $0.06, as compared with $0.04 in the fourth quarter of 2011. Non-GAAP net income attributable to holders of ordinary shares increased 21.0% to $2.7 million, as compared with $2.3 million in the fourth quarter of 2011. Non-GAAP basic and diluted earnings per ADS increased to $0.07, as compared with $0.06 in the fourth quarter of 2011. Profit from operations increased to $1.3 million, as compared with $0.6 million in the fourth quarter of 2011. Income before income taxes and share of profit in equity method investments was $2,505,002 compared to $2,021,019 a year ago. Net income was $2,251,490 compared to $1,618,701 a year ago. For the year, total net revenues were $40.2 million compared with $45.4 million in 2011. Net income attributable to holders of ordinary shares was $8.9 million compared with $19.3 million in 2011. Basic and diluted earnings per ADS were $0.24 and $0.24, respectively, compared with $0.58 and $0.56, respectively, in 2011. Non-GAAP net income attributable to holders of ordinary shares was $11.1 million compared with $17.6 million in 2011. Non-GAAP basic and diluted earnings per ADS were $0.30 and $0.29, respectively, compared with $0.53 and $0.51, respectively, in 2011. Profit from operations was $3.4 million, as compared with $14.9 million in 2011. Income before income taxes and share of profit in equity method investments was $6,865,937 compared to $16,995,960 a year ago. Net income was $8,860,491 compared to $19,493,171 a year ago. The company announced that net revenues for the first quarter of 2013 are expected to be in the range of $8.0 million to $8.3 million. This forecast reflects the company's current and preliminary view, which is subject to change.