Acorn International, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported total gross revenue of $70,939,807 against $87,706,458 for the same period last year. Loss from operations was $11,850,871 against $1,815,668 for the same period last year. Loss before income taxes, extraordinary items was $11,301,302 against $816,314 for the same period last year. Loss from continuing operations was $9,433,091 against $927,224 for the same period last year. Net loss attributable to the company was $8,692,720 or $0.29 per diluted ADS against $1,006,476 or $0.03 per diluted ADS for the same period last year. Net revenues were $87.5 million, an increase of 23.5% compared to $70.8 million in the fourth quarter of 2010. For the year, the company reported total gross revenue of $293,526,277 against $362,998,658 for the same period last year. Loss from operations was $12,785,042 against income from operations of $1,100,218 for the same period last year. Loss before income taxes, extraordinary items was $8,756,063 against income before income taxes, extraordinary items of $8,150,412 for the same period last year. Loss from continuing operations was $7,217,123 against income from continuing operations of $5,039,416 for the same period last year. Net loss attributable to the company was $6,409,181 or $0.22 per diluted ADS against net income attributable to the company of $5,123,259 or $0.17 per diluted ADS for the same period last year. Net revenues were $362.1 million, an increase of 23.5% compared to $293.2 million for 2010. The company provided earnings guidance for the full year of 2012. For the full year 2012, the company expects revenue between $380 million and $400 million and net income to be between $6 million and $8 million.