Ku6 Media Q1 Loss Widens - Quick Facts

(RTTNews) - Ku6 Media Co. Ltd. (KUTV), Internet video company focused on User Generated Content in China, said that its net loss for the first quarter of 2014 widened to $4.41 million, from $1.67 million in the first quarter of 2013. Net loss per ADS was $0.09 as compared to a loss of $0.04 last year.

Non-GAAP net loss, which reflects the exclusion of expenses (benefits) associated with share-based compensation, was $4.17 million, compared to a loss of $2.32 million in the previous year.

Total revenues were $2.81 million, representing a decrease of 8.5% from $3.07 million in the first quarter of 2013.