AirNet Technology (ANTE) 6-K Current report (foreign)

Exhibit 99.1

AirMedia Group Inc.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

(In U.S. dollars in thousands)

	As of June 30, 2017
ASSETS:
Current assets:
Cash and cash equivalents		54,124
Accounts receivable, net		10,070
Prepaid concession fees		7,756
Other current assets		87,599
Amount due from related parties		844
Total current assets		160,393
Property and equipment, net		39,866
Prepaid equipment costs		16,591
Long-term investments		102,043
Long-term deposits		6,880
Acquired intangible assets, net		1,473
Othernon-current assets		6,910
Total assets		334,156
LIABILITIES AND EQUITY:
Current liabilities:
Accounts payable		51,693
Accrued expenses and other current liabilities		34,013
Deferred revenue		2,410
Income tax payable		14,270
Total current liabilities		102,386
Othernon-current liabilities		429
Provision for earout commitment		24,118
Total liabilities		126,933
Equity
Ordinary shares		128
Additionalpaid-in capital		288,089
Treasury stock		(2,351	)
Accumulated deficits		(68,268	)
Accumulated other comprehensive income		5,504
Total AirMedia Group Inc.’s shareholders’ equity		223,102
Noncontrolling interests		(15,879	)
Total equity		207,223
Total liabilities and equity		334,156

AirMedia Group Inc.

UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

(In U.S. dollars in thousands, except share and ADS related data)

	Six Months Ended
	June 30, 2017
Revenues		11,045
Business tax and other sales tax		(355	)
Net revenues		10,690
Cost of revenues		31,185
Gross profit		(20,495	)
Operating expenses:
Selling and marketing *		6,532
General and administrative *		40,462
Total operating expenses		46,994
Loss from operations		(67,489	)
Interest income, net		743
Other income, net		174
Loss from operations before income taxes		(66,572	)
Income tax (expenses)/benefits		(406	)
Net loss from operations before net income of equity method investments		(66,978	)
Net (loss) income from operations of equity method investments		(310	)
Net loss		(67,288	)
Less: Net loss from operations attributable to noncontrolling interests		(14,862	)
Net loss from operations attributable to AirMedia Group Inc.‘s shareholders		(52,426	)
Net loss		(67,288	)
Net loss attributable to AirMedia Group Inc.’s shareholders		(52,426	)
Net loss attributable to AirMedia Group Inc.’s shareholders per ordinary share
Basic		(0.42	)
Diluted		(0.42	)
Net loss attributable to AirMedia Group Inc.’s shareholders per ADS
Basic		(0.83	)
Diluted		(0.83	)
Weighted average ordinary shares outstanding used in computing net loss from operations per ordinary share - basic		125,629,779
Weighted average ordinary shares outstanding used in computing net loss from operations per ordinary share - diluted		125,629,779
*  Share-based compensation charges included are as follow:
Selling and marketing		—
General and administrative		279