Key Developments: Taomee Holdings Ltd (TAOM.N)
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Latest Key Developments (Source: Significant Developments)
Taomee Holdings Ltd Issues Q1 2013 Revenue Guidance In Line With Analysts' Estimates-Conference Call
Taomee Holdings Ltd announced that for first quarter of 2013, it expects revenue to be in the range of $8 million and $8.3 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $8 million for first quarter of 2013. Full Article
Taomee Holdings Ltd Issues Q4 2012 Revenue Guidance Below Analysts' Estimates
Taomee Holdings Ltd announced that for fourth quarter of 2012, it expects revenues to be between USD7.0-USD7.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $9.1 million for fourth quarter of 2012. Full Article
Taomee Holdings Ltd Issues Q3 2012 Revenue Guidance Above Analysts' Estimates
Taomee Holdings Ltd announced that it expects total net revenues to increase 10% quarter over quarter. The Company reported revenue of $12.70 million in third quarter of 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $13.08 million for third quarter of 2012. Full Article
Taomee Holdings Ltd Issues Q2 2012 Revenue Guidance Below Analysts' Estimates
Taomee Holdings Ltd announced that for the second quarter of 2012, it expects total net revenues to decline by approximately 10% quarter over quarter due to seasonality. The Company reported revenue of $10.4 million in first quarter of 2012. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $10.3 million for the second quarter of 2012 Full Article
Taomee Holdings Ltd Issues Q1 2012 Revenue Guidance
Taomee Holdings Ltd announced that for first quarter 2012, it expects net revenues to increase approximately 10% sequentially in comparison to the fourth quarter of 2011. The Company reported revenue of $8.6 million in fourth quarter of 2011. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $10.3 million for the first quarter of 2012 Full Article
Taomee Holdings Ltd Issues Q4 2011 Revenue Guidance In Line With Analysts''
Taomee Holdings Ltd announced that for the fourth quarter of 2011, it expects revenues to exceed USD8.0 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of USD11 million for the fourth quarter of 2011. Full Article
Taomee Holdings Ltd Announces Share Repurchase Plan
Taomee Holdings Ltd announced that its Board of Directors approved a share repurchase plan on November 22, 2011, effective upon the approval. Under the plan, Taomee is authorized, but not obligated, to repurchase, through open market purchase or privately negotiated transactions, up to USD10 million worth of outstanding American Depositary Shares (ADSs) representing the ordinary shares of Taomee over the next 12 months, depending on market conditions, share price and other factors. The share repurchase plan will be funded by the Company's free cash flow as well as existing working capital. As of September 30, 2011, the Company had cash and cash equivalents of approximately USD120.9 million. As of November 28, the Company had 733,754,480 ordinary shares issued and outstanding. Full Article
Taomee Holdings Ltd Launches First Game for Apple iOS
Taomee Holdings Limited announced the release of its first game for Apple iOS. Mole's World is now available for free download in the App store. Full Article
Taomee Holdings Ltd Comments On Q3 2011 Revenue Guidance
Taomee Holdings Ltd announced that for the third quarter of 2011, it expects total net revenues to increase in the range of 3% to 5% quarter over quarter. Full Article
Taomee Holdings Ltd Announces Pricing Of Initial Public Offering On NYSE
Taomee Holdings Ltd announced that its initial public offering of 7,187,500 American depositary shares (ADSs) was priced at $9.00 per ADS. Each ADS represents 20 ordinary shares of the Company. The underwriters have been granted an option to purchase up to 1,078,125 additional ADSs to cover over-allotments. The ADSs will begin trading on the New York Stock Exchange on June 9th, 2011, under the ticker symbol TAOM. Credit Suisse Securities (USA) LLC and Deutsche Bank Securities Inc. are acting as joint bookrunners. China International Capital Corporation Limited, Oppenheimer & Co., Inc, Pacific Crest Securities LLC and Stifel, Nicolaus & Company, Incorporated are acting as joint co-managers for the offering. Full Article
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