Shares of WoWo Limited were trading 4% higher Thursday morning after the China-based e-commerce company reported year-over-year improvements in its financial results for Q4 2014 versus the comparable period in 2013.
Net loss attributable to the company was $7.7 million, or $0.03 per share; compared to a net loss of $11.1 million, or $0.04 per share in Q4 2013. On a non-GAAP basis, net loss was $0.55 per ADS, compared to a net loss of $0.74 per ADS in the year ago period. Analyst estimates were not available for comparison.
Net revenues were $9.4 million, up from $8.6 million reported for the same period last year. For Q1 2015, the company expects revenues to be between $6.5 million and $6.8 million, representing a year-over-year increase of 18% to 23%. WOWO trades near the low end of the 52-week range of $8.00 – $11.63.
