Last $6.76 USD
Change Today -0.01 / -0.15%
Volume 171.3K
As of 8:10 PM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

realnetworks inc (RNWK) Key Developments

RealNetworks Inc. Announces Executive Changes

RealNetworks Inc. announced the appointment of Marjorie O. Thomas as Chief Financial Officer and Treasurer effective February 4, 2015. Ms. Thomas will oversee all financial operations at Real, reporting to Rob Glaser, Real's Chairman and CEO. Ms. Thomas will be succeeding Tim Wan, a 14-year RealNetworks veteran who recently relocated to the Bay Area. Ms. Thomas most recently served as Vice President of Corporate Finance and Treasurer for Intuit Inc., from April 2011 to August 2014. She had previously served as Senior Vice President, Finance, Corporate Controller at Sony Electronics Inc., from 2006 to March 2011, and, since 1986, held several positions within the finance department of Hewlett-Packard Company.

RealNetworks Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

RealNetworks Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net revenue of $34,157,000 compared with $48,958,000 for the same period last year. Operating loss was $20,763,000 compared with $28,437,000 for the same period last year. Loss before income taxes was $21,888,000 compared with $31,018,000 for the same period last year. Net loss was $22,178,000 or $0.62 per basic and diluted share compared with $31,375,000 or $0.88 per basic and diluted share for the same period last year. Adjusted LBITDA was $14,357,000 compared with $8,639,000 for the third quarter of 2013. For the nine months, the company reported net revenue of $120,706,000 compared with $155,601,000 for the same period last year. Operating loss was $48,471,000 compared with $56,367,000 for the same period last year. Loss before income taxes was $49,721,000 compared with $61,730,000 for the same period last year. Net loss was $50,977,000 or $1.42 diluted per share compared with $61,520,000 or $1.73 diluted per share for the same period last year. Net cash used in operating activities was $45,642,000 compared with $28,303,000 for the same period last year. Purchases of equipment, software, and leasehold improvements were $2,054,000 compared with $5,798,000 for the same period last year. Adjusted LBITDA was $41,356,000 compared with $17,131,000 a year ago. For the fourth quarter of 2014, the company expects total revenue in the range of $33.0 million to $36.0 million, adjusted EBITDA to be a loss in the range of $16.0 million to $18.0 million.

RealNetworks Inc. to Report Q3, 2014 Results on Nov 03, 2014

RealNetworks Inc. announced that they will report Q3, 2014 results at 5:00 PM, US Eastern Standard Time on Nov 03, 2014

RealNetworks Inc., Q3 2014 Earnings Call, Nov 03, 2014

RealNetworks Inc., Q3 2014 Earnings Call, Nov 03, 2014

RealNetworks Slashes 10% of its Staff

RealNetworks is laying off 85 people, which is 10% of its staff. The company announced that it expects to report losses between $1.5 million and $2 million as a result of the lay off. The company will have about 765 employees after the layoffs are completed.

 

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