For the quarter ending September 30, 2004, chinadotcom corporation (NASDAQ: CHINA) reported revenues of US$48.3 million including from acquisitions, an increase of 123% from US$21.7 million reported in the same period in 2003 and an increase of 7% from US$45.1 million reported in the previous quarter.
Gross profit in Q3 2004 increased by 138% to US$26.4 million from US$11.1 million in Q3 2003 and increased by 1% from US$26.1 million from the previous quarter. Gross margin in Q3 2004 was 55% as compared to 51% in Q3 2003 and 58% in Q2 2004.
As of September 30, 2004, the company had nearly 110.7 million common shares outstanding. The increase in shares from Q2 2004 is principally a result of common shares issued pursuant to the Ross transaction.
Non-GAAP net income for Q3 2004 totaled US$2.4 million, compared to non-GAAP net income of US$6.5 million for Q3 2003, and US$4.1 million for Q2 2004. Non-GAAP earnings per share were 2.3 US cents for the quarter and 3.9 US cents for Q2 2004.