| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||
46,806 | 60,958 | 63,668 | 98,300 | 120,668 | 137,663 | 323,800 | 271,877 | 211,076 |
Cost of revenues | ||||||||
37,043 | 48,506 | 57,824 | 89,302 | 103,096 | 106,367 | 238,564 | 204,785 | 172,865 |
Gross profit | ||||||||
9,763 | 12,452 | 5,844 | 8,998 | 17,572 | 31,296 | 85,236 | 67,092 | 38,211 |
Operating expenses: | ||||||||
Research and development | ||||||||
4,242 | 6,601 | 8,084 | 7,174 | 8,285 | 9,343 | 13,541 | 11,613 | 12,040 |
Selling and marketing | ||||||||
1,253 | 4,259 | 1,331 | 9,265 | 2,535 | 12,328 | 17,196 | 6,084 | 3,241 |
General and administrative | ||||||||
3,885 | 3,733 | 7,040 | 6,604 | 5,896 | 5,594 | 18,848 | 14,626 | 9,600 |
Bad debt expenses | ||||||||
4,493 | 1,282 | 1,063 | - | - | - | - | - | - |
Impairment of goodwill | ||||||||
- | - | - | - | 1,242 | - | 606 | 0 | - |
Impairment of long-lived assets | ||||||||
1,750 | 0 | 0 | 2,910 | 3,625 | 3,833 | - | - | - |
Total operating expenses | ||||||||
15,623 | 15,875 | 17,518 | 25,953 | 21,583 | 31,098 | 50,191 | 32,323 | 24,881 |
Government subsidy income | ||||||||
209 | 20 | 162 | 761 | 357 | 232 | 224 | 159 | 481 |
Other operating loss | ||||||||
- | - | -132 | 24 | 960 | - | - | - | - |
Other operating income-net gain from the sale of real estate | ||||||||
- | 14,939 | - | - | - | - | - | - | - |
Other operating income | ||||||||
- | - | - | - | - | 1,124 | 2,824 | 1,109 | - |
(Loss) income from operations | ||||||||
-5,651 | 11,536 | -11,644 | -16,170 | -2,694 | 1,554 | 38,093 | 36,037 | 13,811 |
Interest expense (including amortization of deferred financing costs of $263, $387 and $78 for the years ended December 31, 2015, 2016 and 2017, respectively) | ||||||||
1,913 | 1,697 | 1,365 | 503 | 115 | - | - | 1 | 35 |
Interest income | ||||||||
27 | 65 | 412 | 1,684 | 1,888 | 2,032 | 1,365 | 882 | 667 |
Investment income | ||||||||
- | - | - | - | - | - | - | 142 | - |
Loss on issuance of convertible notes | ||||||||
- | - | - | - | - | - | - | - | -3,176 |
Other income (loss), net | ||||||||
-8 | 84 | 110 | 2 | 246 | 354 | -79 | -101 | 115 |
Change in fair value of derivatives embedded in convertible notes | ||||||||
- | - | - | - | - | - | - | 1,280 | -5,270 |
Change in fair value of put option | ||||||||
-6,510 | -210 | -210 | -210 | -150 | -150 | -150 | -123 | -84 |
(Loss) income before income taxes | ||||||||
-14,055 | 9,778 | -12,697 | -15,197 | -825 | 3,790 | 39,229 | 38,116 | 6,028 |
Income tax expenses | ||||||||
- | - | 996 | 438 | 2,146 | 5,635 | 9,419 | 9,458 | 3,642 |
Net (loss) income from continuing operations | ||||||||
-14,055 | 9,778 | -13,693 | -15,635 | - | - | - | - | - |
Net income and gain from discontinued operations | ||||||||
3,837 | 381 | 596 | 567 | - | - | - | - | - |
Net (loss) income | ||||||||
-10,218 | 10,159 | -13,097 | -15,068 | -2,971 | -1,845 | 29,810 | 28,658 | 2,386 |
Less: Net (loss) income attributable to noncontrolling interests | ||||||||
-886 | 27 | -292 | -1,637 | 501 | -1,449 | -2,683 | 818 | -2,028 |
Net (loss) income attributable to China Techfaith Wireless Communication Technology Limited | ||||||||
-9,332 | 10,132 | -12,805 | -13,431 | -2,470 | -3,294 | 27,127 | 27,840 | 4,414 |
Net (loss) income per share attributable to China Techfaith Wireless Communication Technology Limited-Basic and Diluted: | ||||||||
Continuing operations | ||||||||
-0.01 | 0.01 | -0.02 | -0.02 | - | - | - | - | - |
Discontinued operations | ||||||||
0.00 | 0.00 | 0.00 | 0.00 | - | - | - | - | - |
Net (loss) income per share attributable to China Techfaith Wireless Communication Technology Limited | ||||||||
-0.01 | 0.01 | -0.02 | -0.02 | - | - | - | - | - |
Basic | ||||||||
- | - | - | - | 0.00 | 0.00 | 0.03 | 0.04 | 0.01 |
Diluted | ||||||||
- | - | - | - | 0.00 | 0.00 | 0.03 | 0.03 | 0.01 |
Weighted average shares used in computation: | ||||||||
Basic | ||||||||
794,003 | 794,003 | 794,003 | 794,003 | 794,003 | 794,003 | 794,003 | 732,784 | 650,057 |
Diluted | ||||||||
794,003 | 794,003 | 794,003 | 794,003 | 794,003 | 794,003 | 794,003 | 795,843 | 720,889 |
Other comprehensive (loss) income | ||||||||
Net (loss) income | ||||||||
-10,218 | 10,159 | -13,097 | -15,068 | -2,971 | -1,845 | 29,810 | 28,658 | 2,386 |
Foreign currency translation adjustment | ||||||||
16,531 | -21,134 | -13,695 | - | - | - | - | - | - |
Foreign currency translation adjustment | ||||||||
- | - | - | -8,614 | 9,892 | 3,525 | 13,026 | 7,365 | - |
Comprehensive (loss) income | ||||||||
6,313 | -10,975 | -26,792 | -23,682 | 6,921 | 1,680 | 42,836 | 36,023 | - |
Less: Comprehensive loss (income) attributable to noncontrolling interests | ||||||||
684 | -1,688 | -1,497 | -2,478 | -372 | -1,749 | -3,210 | 948 | - |
Comprehensive (loss) income attributable to China Techfaith Wireless Communication Technology Limited: | ||||||||
5,629 | -9,287 | -25,295 | -21,204 | 6,549 | -69 | 39,626 | 35,075 | - |