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Focus Media Loses Steam, Internet Advertising Drops

Chinese digital media firm Focus Media (FMCN) announced its unaudited financial results for the first quarter ended March 31, 2008 and said net loss was USD53.8 million, which includes a non-recurring loss of USD79.3 million resulting from the restructuring of its lackluster mobile handset advertising business.

More bad news came in a statement from CEO Dr. Tan Zhi, "The recent earthquake in Sichuan province will have a negative impact on our operations in the second quarter, especially to advertising revenues from our networks in the earthquake region, namely Chengdu and Chongqing."

Focus Media reported total revenues from continuing operations of USD161.6 million, an increase of 214.7% compared to USD51.3 million for the first quarter of 2007. Total digital out-of-home advertising revenue was USD108.7 million in the first quarter of 2008, an increase of 113.4% from USD51.0 million in the first quarter of 2007. In the first quarter of 2008, commercial location advertising revenue, outdoor LED and movie theatre advertising, was USD62.3 million, contributing 57.3% of total digital out-of-home advertising revenue. Advertising service revenue from the company's in-store network was USD17.3 million, or 15.9% of total digital out-of-home advertising revenue. Advertising service revenue from in-elevator poster frame network placed primarily in the elevators of residential complexes was USD29.2 million in the first quarter of 2008, or 26.8% of total digital out-of-home advertising revenue.

Internet advertising service revenue was USD49.6 million in the first quarter of 2008, lower than USD57.2 million in the fourth quarter of 2008 due to seasonality, as the first quarter has historically been the company's weakest quarter for advertising revenues.

As of March 31, 2008, the total installed base of LCD displays and digital frames in Focus Media's commercial location network was 119,240 nationwide, including 114,426 displays through directly owned networks, and 4,814 displays through regional distributors. The total number of displays installed in in-store network — including CGEN — was 61,420 as of March 31, 2008. The total number of non-digital frames available for sale on its poster frame network was 225,473 as of March 31, 2008.

Gross profit for the first quarter of 2008 was USD65.5 million, representing an increase of 129.7% compared to USD28.5 million in the first quarter of 2007.

In the first quarter of 2008, operating expenses totaled USD39.2 million, including USD3.3 million in acquired intangible asset amortization resulting from acquisitions and non-cash share-based compensation expense of USD8.3 million.

First quarter 2008 operating cash flow was USD7.6 million.

Focus Media estimates its total revenues for the second quarter of 2008 will range from USD190 million to USD195 million.

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IoT in Agriculture Market Present Scenario and Growth Analysis till 2027 by Types (Sensing, Communication, Cloud Computing, Data Management, ) by Applications (Precision Crop Farming, Indoor Farming, Livestock Monitoring, Aquaculture, Market segmentation, by regions:, North America, Europe, Asia Pacific, Middle East & Africa, Latin America, The report can answer the following questions: , 1. What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of IoT in Agriculture? , 2. Who are the global key manufacturers of IoT in Agriculture industry? How are their operating situation (capacity, production, price, cost, gross and revenue)? , 3. What are the types and applications of IoT in Agriculture? What is the market share of each type and application? , 4. What are the upstream raw materials and manufacturing equipment of IoT in Agriculture? What is the manufacturing process of IoT in Agriculture? , 5. Economic impact on IoT in Agriculture industry and development trend of IoT in Agriculture industry. , 6. What will the IoT in Agriculture market size and the growth rate be in 2024? , 7. What are the key factors driving the global IoT in Agriculture industry? , 8. What are the key market trends impacting the growth of the IoT in Agriculture market? , 9. What are the IoT in Agriculture market challenges to market growth? , 10. What are the IoT in Agriculture market opportunities and threats faced by the vendors in the global IoT in Agriculture market? , Objective of Studies: , 1. To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global IoT in Agriculture market. , 2. To provide insights about factors affecting the market growth. To analyze the IoT in Agriculture market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc. , 3. To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World. , 4. To provide country level analysis of the market with respect to the current market size and future prospective. , 5. To provide country level analysis of the market for segment by application, product type and sub-segments. , 6. To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. , 7. To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global IoT in Agriculture market.)

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