NQ Mobile(TM) Forecasts Record Revenues for 2014 Global Internet platform company projects revenues of $305--310 million USD
BEIJING and DALLAS, Nov. 20, 2013 /PRNewswire/ -- NQ Mobile Inc. (NYSE: NQ), a leading global provider of mobile Internet services, today projected record revenues of $305 - 310 million USD for its fiscal year 2014.
This exciting forecast was made during the company's second annual analyst and investor day presentation in New York on November 19, 2013. During the presentation the company also unveiled its 2-5-10 plan, an extension of its 1-2-5 plan introduced at last year's presentation. The plan unveiled how the company expects to reach a revenue run rate of $200 million USD in 2013 which the company achieved in its Q3 2013 report, announced last week; $500 million USD run rate in 2015 and an outlook of hitting the milestone of $1 billion USD run rate by 2017.
The company presented plans to achieve these revenue projections by growing and innovating in its consumer security service line, as well as its enterprise solutions for mobile device management and security. NQ Mobile will also further develop its gaming and advertising businesses. Additionally, the company is always exploring prospects in emerging technologies and new business opportunities such as its recently announced NQ Live platform product.
"These are exhilarating times for NQ Mobile," exclaimed Co-CEO Omar Khan. "NQ Mobile is in the process of developing the unprecedented opportunity to grow from a mobile security application company to a full service mobile platform which will transform the way people will interact with their mobile devices."
Replays of the November 19 presentations will be available on ir.nq.com shortly.
Safe Harbor Statement
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About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile Internet services. NQ Mobile is a mobile security pioneer with proven competency to acquire, engage, and monetize customers globally. NQ Mobile's portfolio includes mobile security and mobile games & advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market. As of September 30, 2013, NQ Mobile maintains a large, global user base of 427 million registered user accounts and 133 million monthly active user accounts through its consumer mobile security business, 98 million registered user accounts and 19 million monthly active user accounts through its mobile games & advertising business and over 1,250 enterprise customers. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China. For more information on NQ Mobile, please visit http://www.nq.com.
NQ Mobile Inc.
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SOURCE NQ Mobile Inc.