China Tracker - Details for Sky-mobi Limited (MOBI)

 Sky-mobi Limited
Shares Outstanding (MRQ): 26.38 mill
New Shares / Dilution (TTM): 9.85 mill59.54%
Cash (MRQ): 69.67 mill123.40%
Account Receivables (MRQ): 11.45 mill20.29% 
Account Receivables (Q/Q): + 0.38 mill3.40% 
Long-Term Debt (MRQ): NO DEBT
Revenue Growth (Q/Q): -6.86% 
Revenue Growth (Y/Y): 1.68% 
Net Income Growth (Q/Q): 14.10% 
Net Income Growth (Y/Y): -62.41%
EPS Growth (Y/Y): -76.44%
Net Margin (Q/Q): 8.2% (6.7%)1.50% 
Net Margin (Y/Y): 8.2% (22.2%)-14.00% 
EPS | P/E (2 MRQ Projection): $0.287.56
Price/Sales (2 MRQ Projection): 0.56
Price/Book (MRQ): 0.78
Auditor: Deloitte Touche
* operating cash flow data not (yet) included
 
 Forward Projections (Fiscal Year)
EPS | P/E (Estimates updated 2012-10-21): $0.1415.29
 Basic Facts and History (show more)
Reporting Type: Foreign Company (20-F Filings) 
Going Public: IPO on 2010-12-10 
IPO Price: $8.00 (-73.25% since IPO)

 Business Outlook

For the fiscal second quarter 2012 ending September 30, 2011, Sky-mobi expects total revenues to be in the range of RMB170 million to RMB175 million. Revenues for the fiscal year ending March 31, 2012 are expected to be in the range of RMB680 million to RMB690 million. "We want to take a conservative approach as we provide revenue guidance for the fiscal year ending March 31, 2012, as the sales of mobile phones in China and the operating environment for service providers are not expected to improve significantly. However, we are taking this opportunity to accelerate the transformation of business model from a visitor-based application store to a mobile community with sticky users. The operating metrics of our community currently all point in the right direction. We believe investing in increasing user traffic and allocating resources into the community will yield better long-term value than squeezing near-term revenue from the application store."

(Source: Globe Newswire, 2011-08-22)

As we look forward to fiscal 2012, we plan to continue to increase user activities and monetize our large user base through more diverse application and content offerings and making further improvements to the Maopao Community. We expect robust growth from the new games we plan to launch on the Maopao Community and an increase in monetization following the launch of our OPENSKY platform with our initial key partners.

(Source: Globe Newswire, 2011-05-09)

Sky-mobi Limited today announced that the Company and Tencent, one of China's most popular Internet portals, have formed a strategic partnership. This strategic partnership is to promote Tencent's QQ Mobile Browser on Sky-mobi's Maopao application store and make Sky-mobi a preferred partner for a series of Tencent's mobile software, including mobile security software and Tencent miniblog. Under the terms of the collaboration agreement between the two companies, Tencent will pay Sky-mobi a commission for each of its users that become an active Tencent QQ Mobile Browser user. Sky-mobi estimates that this partnership will make a meaningful contribution to its top- and bottom-line results in the quarters ahead, driven by Sky-mobi's large user base and access to the Maopao application store.

(Source: Globe Newswire, 2011-01-31)

 Analyst Coverage (show more)
2011-08-22Piper JaffrayReiterationOverweight$7.00
2011-08-15CitigroupDowngradeHold$7.50
2011-08-12Piper JaffrayReiterationOverweight$8.00
2011-05-18Piper JaffrayReiterationOverweight$15.00
2011-05-09Piper JaffrayReiterationOverweight$15.00

MOBI is currently followed by 3 analysts. 2 give the stock a positive rating, 1 rate it neutral and 0 give it a negative rating. The average price target is 10.17, which implies 375.07% upside from current price.


    see all Analyst Ratings
MOBI
Telecommunications
SCORE
3
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Current Price:  $2.14
F10k Day (2010-12-10): -64.34%$6.00
2010 Close: -59.93%$5.34
2011 Close: -29.84%$3.05
High (2012-04-05): -40.06%$3.57
Low (2012-08-02): 18.88%$1.80
Exchange: NMS
Market Capitalization: 56.46 mill
Total Shares: 26.38 mill
Float: n/a
Avg Volume: 1.07 mill
Short Interest: 1.92 mill
Short Ratio: 0.80%1.8 d
Last Quarter: 2010-12-31
Revenue (MRQ): 24.21 mill
Net Income (MRQ): 1.99 mill
all financial data provided without warranty