BEIJING, Sept. 24, 2020 /PRNewswire/ — China Finance Online Co. Limited (“China Finance Online”, or the “Company”, “we”, “us” or “our”) (NASDAQ GS: JRJC), a leading web-based financial services company that provides Chinese retail investors with fintech-powered online access to securities trading services, wealth management products, securities investment advisory services, as well as financial database and analytics services to institutional customers, today announced its unaudited financial results for the second quarter and first six months ended June 30, 2020.
Second Quarter 2020 Financial Highlights and Recent Development
- The bottom line losses continued to narrow.
- Net loss attributable to China Finance Online was $1.5 million, compared with a net loss of $3.0 million in the second quarter of 2019 and a net loss of $1.9 million in the first quarter of 2020.
- Net revenues grew 9.2% year-over-year to $9.7 million.
- Revenues from the financial information and advisory