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Teens Driving Growth for NQ Mobile

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    NQ Mobile co-CEO Omar Khan on company growth, revenue and new products.

  • Duration 5:03
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Take a look at this figure -- mobile reporting that its third quarter net revenues soared a 127%.

Year over year so what's driving hello friend -- mobile you may be surprised that teenagers has something to do with that boost in revenue and -- Fox Business exclusive.

And Q mobile co Chief Executive Officer mark.

Joining us now from Dallas all of -- good to see -- thanks for coming in appreciate.

Thanks for having me David now revenue is up and you're doing spectacularly well and that's side but the stock is -- down over that -- we put up a three month chart and you'll look at him about a 40% decline in stock price what's happening there.

You know obviously we can't young control the capital markets -- or our stock price but.

There -- continue to deliver results suite six straight quarters of meeting exceeding and raising guidance.

You obviously this was a tough week on Wall Street -- look at some of the China Internet bellwethers.

Made some negative statement today.

-- pilot and his army Miramar because some people say that anybody just did by association if you have business in China that -- that.

That investors are look at -- your stock is -- was going.

I mean I don't I mean I can't again I can't speak to specific stock price -- the single largest component of our business now.

Is outside of China about 40% of our business outcomes from outside of China 54%.

Of our consumer revenues now come from outside of China.

So we're experiencing tremendous growth you know since I last talked to -- six months ago.

You know -- I talked about the strategy of enterprise it's become a reality -- 17% of our business.

This last quarter for enterprise with the bring your own device to work strategy.

That's happening is contributing significantly to our growth so.

You know we gave our guidance.

-- our revenues were 41 million.

This year we've given guidance over doubled to ninety to 91 in next year our core business -- contribute another.

How -- 10250.

Dollar and 55 with another twenty to 25 coming from an acquisition -- -- nearly -- again next -- -- we're excited -- -- growth prospects.

Now I'm holding up the Samsung galaxy -- and it if -- lost this.

I'd be in trouble because.

I got a big big stuff in here -- -- and I speak for a lot of people who put everything in their phone and some people have their passwords others -- -- of the camp figured out so they don't do it.

You specialize.

In security for these types of devices -- -- you're saying that.

More and more people are bringing their devices to work and working off their devices -- their mobile in the running around -- whole building.

What ever.

What is it that your doing where a customer out there says I have to -- in -- mobile offers.

What we're we're spending the entire trust suite of services.

So we've got mobile security products to protect you from our or anti virus but also anti theft anti lost.

Data recovery so if you lose your device god forbid.

And -- in a situation where you can't -- you can remotely locket.

You can remotely wipe it in addition we launch a product in the second quarter called mobile vault which allows you to encrypt your personal data.

And and protect it from my prying eyes.

And then the most recent launch -- is that we've got as a product called into family guardian.

And I heard you guys talked about teens driving our business it's it's even preteens and tweets my son is ten and he's got into -- guardian is basically a product.

That helps you protect your kids when they buy their first Smartphone 58% of teenagers in the US now have Smartphones.

And that's the fastest growing demographic so it's it's a global phenomenon -- we've got an entire suite for consumers and then we've got a -- for enterprise as well with our 10-Q.

Enterprise she'll product that allows us to protect the devices that are going into the enterprise so you know about suite of products and services.

Of all the figures that we've seen I think the most remarkable is that one of 58% of teens and preteens have have Smartphones because.

And the one -- it can be a lifesaver on the other hand can be very scary what those kids are exposed to.

Exact is that one of the fastest growing segments of of your business.

Yet we just announce a product the response has been tremendous our team is getting ready to launch those products at retail for Black Friday.

Upcoming next week so were actively working to make sure that parents when their walking in the stores.

Next week and through Christmas buying their kids a Smartphone.

That they have the ability to purchase -- software -- been a big big part of our strategy this year to terms expansion we've announced -- Relationships with some of the largest dealers in the US.

Six to 700 store for phones for you in the UK and -- UK and Australia so no absolutely we're expecting that to be a big part of our growth.

In addition you know I have twin six year olds and I'm not sure this phenomenon is gonna stop -- teens and -- They're -- every single day for a Smart -- hi I'm anticipating this is gonna go below the age of ten at some point -- okay.

And -- they can do almost anything on these devices -- -- -- you know it allows.

Well you'll cancel my six year old candidate now probably is six girls will be able to teach you -- figure to within my -- -- reducing -- -- -- -- But copper have all market to see you thank you very much we're following their company it's and Q mobile and he's the co CEO.

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