Under new leadership, Acorn significantly improved gross margin, made meaningful reductions in operating expenses and completed the sale of non-core assets. Net income for 2016 was in 2015, marking the first year of profitability since 2011.
Day: December 31, 2015
Acorn International Reports Financial Results for the Fourth Quarter and Full Year 2016
Under new leadership, Acorn significantly improved gross margin, made meaningful reductions in operating expenses and completed the sale of non-core assets. Net income for 2016 was in 2015, marking the first year of profitability since 2011.