Gold software releases second quarter operation highlights

The German software (NASDAQ:AMAP) today released its second-quarter financial results for fiscal year 2013 as at June 30, with net revenue of $38.2 million trillion, or $40.2 million a year earlier. Net profit was $3.8 million, compared with $8.8 million a year earlier.

Second quarter operation highlights:

By the end of the second quarter, The free mobile application of the gold software has 137 million users, with more than 62 million active users, and at the end of the first quarter of fiscal year 2013, the free mobile application of Gould's software had 116 million users, more than 56 million active subscribers, and 2012 users at the end of the second quarter of the fiscal year and more than 65 million active users

The app was downloaded and preinstalled by 7000多万部 smartphones, with about 3 million months of active users at the end of the second quarter of this year.

Second quarter performance Highlights:

Net revenue was $38.2 million trillion, compared with $40.2 million a year earlier.

Gross profit was $26.2 million, compared with $30.1 million a year earlier.

Operating profit was 0, compared with $9.6 million a year earlier. Operating profit, based on non-US GAAP, was $2.4 million trillion, compared with $13.9 million a year earlier.

Net profit was $3.8 million, compared with $8.8 million a year earlier. Based on non-US GAAP, net profit was $6.2 million, compared with $13.1 million a year earlier.

Highlights of the first half of this year:

Net revenue was $72.5 million trillion, compared with $759 million a year earlier.

Gross profit was $20.1 million, compared with $57 million a year earlier.

Operating profit was 320, compared with $19.6 million a year earlier. Operating profit, based on non-US GAAP, was $8.2 million trillion, compared with $27.1 million a year earlier.

Net profit was $9.5 million, compared with $17.7 million a year earlier. Based on non-US GAAP, net profit was $14.6 million, compared with $25.3 million a year earlier.

Second quarter performance analysis:

Revenue

Total net revenue was $38.2 million, compared with $40.2 million a year earlier, with 34.3 million dollars in the first quarter.

Car navigation

NET car navigation revenue of 19.1 million U.S. dollars, a year ago, 24.9 million U.S. dollars, the first quarter of this year for 15.5 million U.S. dollars.

Mobile and Internet Location Service solutions The revenue for the sector was $14.7 million, a year earlier, at $11.1 million trillion, with $13.9 million trillion in the first quarter.

Public and enterprise applications

The revenue was $3.9 million trillion, flat on the same year, compared to $4.3 million in the first quarter.

Revenue costs

Revenue became $12 million, a year earlier to $10.1 million trillion, and the first quarter was $10.4 million trillion.

Operating expenses

The total operating expenses were $26.2 million, a year earlier, at $20.6 million trillion, and the first quarter was $20.8 million trillion.

Research and development expenditure of 12.3 million U.S. dollars, a year ago, 8.2 million U.S. dollars, the first quarter of this year to 10.6 million U.S. dollars. Based on non-US general accounting standards, research and development spending was $11.4 million, a year earlier at $7.3 million trillion, and the first quarter was $9.6 million trillion.

Sales and marketing expenses of 8.5 million U.S. dollars, a year ago, 6.7 million U.S. dollars, the first quarter of this year to 5.8 million U.S. dollars. Sales and marketing expenses, based on non-US GAAP, were $7.9 million trillion, compared with $4.9 million a year earlier and the first quarter of this year.

General and administrative expenses were $5.4 million, the same period was $5.7 million a year ago, and the first quarter was $4.4 million trillion. The general and administrative expenses, based on non-US GAAP, were $4.6 million a year ago, at $4.1 million a year earlier, and 3.7 million dollars for the first quarter.

Net profit

Net profit was $3.8 million, compared with $8.8 million a year earlier. The US depository shares were diluted at $0.06 trillion, compared with $0.17 a year earlier.

Based on non-US GAAP, net profit was $6.2 million, compared with $13.1 million a year earlier. The US depository shares were diluted at $0.10 trillion, compared with $0.26 a year earlier.

Cash

As of June 30, 2013, the German software had 517.2 million dollars in cash, cash equivalents and term deposits.

Conference：

The software management team will be in the U.S. Eastern Time August 28, 2013 8 o'clock in the morning (Beijing/Hong Kong time August 28, 2013 Night 8 o'clock) to hold a earnings conference call. Listen to the phone number of the conference call as follows:

United States: +1-866-519-4004

International: +65-6723-9381

Hong Kong, China: +852-2475-0994

Mainland China: 800-819-0121

United Kingdom: +44-203-059-8139

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