NQ Mobile Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015; Reports Impairment Charge for the Fourth Quarter Ended December 31, 2015
For the full year, the company's total net revenues were $406,691,000 against $332,324,000 a year ago. Loss from operations was $33,891,000 against $80,955,000 a year ago. Income before income taxes was $8,726,000 against loss of $73,094,000 a year ago. Net loss attributable to the company was $1,303,000 or $0.0028 per Class A and Class B basic and diluted share against loss of $76,738,000 or $0.1902 per Class A and Class B basic and diluted share a year ago. Net loss per ADS, basic and diluted was $0.0140 against $0.9510 a year ago. Non-GAAP loss from operations was $5,969,000 against income of $23,165,000 a year ago. Non-GAAP net income attributable to the company was $51,310,000 against $36,884,000 a year ago. Non-GAAP earnings per ADS, diluted were $0.5390 against $0.4278 a year ago. Net cash used in operating activities was $12.0 million.
In the fourth quarter of 2015, the company recorded an impairment charge of $12.9 million related to certain investments made in the past which were fully impaired during this quarter.