Last $4.93 USD
Change Today -0.115 / -2.28%
Volume 95.9K
KZ On Other Exchanges
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As of 8:10 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

kongzhong corp-adr (KZ) Snapshot

Open
$5.01
Previous Close
$5.04
Day High
$5.15
Day Low
$4.88
52 Week High
03/21/14 - $10.58
52 Week Low
03/2/15 - $4.88
Market Cap
223.5M
Average Volume 10 Days
73.1K
EPS TTM
$0.55
Shares Outstanding
45.4M
EX-Date
10/23/14
P/E TM
9.0x
Dividend
--
Dividend Yield
17.87%
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 operates Chinese military gaming platform under the WAR SAGA brand, which includes games, such as World of Tanks, World of Warplanes, and World of Warships. It has the exclusive publishing rights for World of Tanks, World of Warplanes and World of Warships, Guild Wars 2, Auto Club Revolution, Blitzkrieg 3, and other titles in Mainland China. 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.

1,151 Employees
Last Reported Date: 11/24/14
Founded in 2002

kongzhong corp-adr (KZ) Top Compensated Officers

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Executives, Board Directors

kongzhong corp-adr (KZ) Key Developments

Kongzhong Corporation Appoints Zhi Wang as New Independent Director

KongZhong Corporation announced that its 2014 Annual General Meeting held on December 18, 2014 has appointed Mr. Zhi Wang as a new Independent Director for a 3-year term. Mr. Zhi Wang has served as chairman and President of the China Great Wall computer group Company from May 1995 to May 2004, has served as general manager of the China Great Wall computer group Company from December 1986 to May 1995.

Kongzhong Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2014; Reports Impairment Loss for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Kongzhong Corp. reported unaudited consolidated earnings results for the third quarter ended September 30, 2014. For the quarter, the company reported total revenues of $60.14 million, an increase of 3.9% from the second quarter of 2014 and 36.4% from $44.1 million the same period last year. Income from operations was $2.92 million compared to loss from operations of $2.43 million a year ago. Net income was $3.50 million, including $1.32 million impairment on intangible assets and $2.00 million cost method impairment on long-term investments, compared to net loss of $2.7 million a year ago. Diluted net income per American Depositary Shares was $0.08 compared to diluted loss per American Depositary Shares of $0.06 a year ago. Non-GAAP net income was $7.79 million compared to $1.5 million a year ago. Non-GAAP diluted net income per ADS was $0.17 (Non-GAAP Financial Measures are described and reconciled to the corresponding GAAP measures in the section titled ‘Non-GAAP Financial Measures’) compared to $0.03 a year ago. Net cash provided by operating activities was $29.98 million compared to $23.82 million a year ago. Purchase of intangible assets was $0.098 million compared to $1.57 million a year ago. Purchase of property and equipment was $3.08 million compared to $4.91 million a year ago. Income before tax expense was $3.6 million compared to loss before tax expense of $2.7 million a year ago. The company reported impairment loss for the third quarter ended September 30, 2014. For the quarter, the company reported impairment loss on intangible assets of $1.32 million compared to $1.562 million a year ago. The company provided earnings guidance for the fourth quarter of 2014. The company expects total revenues for the fourth quarter of 2014 to be within the range of $59 million to $60 million. The company expects total gross profit to be within the range of $24 million to $25 million. The company expects net income to be $9 million to $10 million and Non-GAAP net income is expected to be $10 million to $11 million.

Kongzhong Corp., Annual General Meeting, Dec 18, 2014

Kongzhong Corp., Annual General Meeting, Dec 18, 2014., at 14:00 China Standard Time. Location: the 35th Floor, Tengda Plaza. Agenda: To consider re-election of Jay Chang be as a director; to approve re-election of Xiaolong Li an Independent Director of the company; to consider appointment of Wang be appointed as an Independent Director; to consider appointment of Tai Fan as director; to consider re-appointment of Deloitte Touche Tohmatsu as the company's independent auditor for the fiscal year 2014; and to transact such other business as may properly come before the annual general meeting.

 

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KZ

Industry Average

Valuation KZ Industry Range
Price/Earnings 10.1x
Price/Sales 1.1x
Price/Book 0.6x
Price/Cash Flow 9.9x
TEV/Sales 0.2x
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