ZST Digital Q3 2009 Net Profit Up 96%
ZST PR, 11/16/09
Zhengzhou-based set-top box provider ZST Digital Networks (Nasdaq: ZSTN) has announced its unaudited financial results for Q3 2009, with total revenues reaching USD 28.6 mln, up 88% YoY and 21% QoQ. The increase in revenue was due to continued demand for IPTV set-top boxes and increased demand for ZST's digital networking products.
Net income for the quarter came to USD 3.3 mln, up 96% YoY and 28% QoQ.
ZST estimates Q4 2009 revenues will reach USD 26 mln to USD 29 mln, and Q4 2009 net income will be between USD 3 mln and USD 3.5 mln.
To see ZST's full earnings report, please click here.
Keywords: guidance IPTV profit revenue television Q3 2009 set-top box ZST ZSTN fiscal report vehicle tracking
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