Some volatile numbers at Chinese media and advertising company Xinua Financial Media, which reported Q1 revenue of $36.7 million, for a 120 percent year-over-year increase. But on the bottom line, it was losses of $8.3 million, compared a a year-ago profit, which the company blamed on higher share-based compensation and Sarbanes Oxley compliance regulations. Also, the top line was down 24 percent sequentially, which it blamed on the timing of the Chinese New Year. Much of the revenue gain came from the advertising business, which grew from $8.3 million to $21.5 million—much of this, however, was related to its acquisition strategy. Meanwhile the broadcast division more than doubled to $10.8 million from $5 million.

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Disclaimer: Our board member Larry Kramer is also on the board of XFML.

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