Acorn International, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported total gross revenue of $68,114,948 against $83,952,027 for the same period last year. Loss from operations was $4,132,694 against profit of $163,371 for the same period last year. Loss before income taxes, and equity in losses of affiliates was $3,118,317 against profit before income taxes, and equity in losses of affiliates of $1,837,805 for the same period last year. Net loss attributable to the company was $2,264,183 or $0.08 per basic and diluted ADS against profit of $880,423 or $0.03 per basic and diluted ADS for the same period last year. Net revenues were $68.1 million, down 18.9% from $84.0 million for the first quarter of 2011. The company reaffirmed earnings guidance for the full year of 2012. For the full year 2012, the company affirms its guidance for revenues between $380 million and $400 million and net income between $6 million and $8 million.