Last $7.70 USD
Change Today +0.02 / 0.26%
Volume 41.9K
As of 4:30 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

realnetworks inc (RNWK) Key Developments

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.

RealNetworks Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

RealNetworks Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenue of $40,825,000 against $49,850,000 a year ago. Operating loss was $18,832,000 against $16,504,000 a year ago. Loss before income taxes was $20,549,000 against $17,809,000 a year ago. Net loss was $21,029,000 against $18,471,000 a year ago. Diluted net loss per share was $0.59 against $0.52 a year ago. Adjusted EBITDA loss was $6,893,000 compared with adjusted EBITDA of $5,491,000 for the second quarter of 2013. For the six months, the company reported net revenue of $86,549,000 against $106,643,000 a year ago. Operating loss was $27,708,000 against $27,930,000 a year ago. Loss before income taxes was $27,833,000 against $30,712,000 a year ago. Net loss was $28,799,000 against $30,145,000 a year ago. Diluted net loss per share was $0.80 against $0.85 a year ago. Adjusted EBITDA loss was $12,384,000 compared with an adjusted EBITDA of $1,801,000 a year ago. Net cash used in operating activities was $30,778,000 against $12,885,000 a year ago. Purchases of equipment, software, and leasehold improvements were $1,689,000 against $3,181,000 a year ago. For the third quarter of 2014, the company expects total revenue in the range of $33.0 million to $36.0 million. The company expects adjusted EBITDA for the quarter to be a loss in the range of $18.0 million to $20.0 million.

RealNetworks Inc. Appoints Rob Glaser to be Permanent CEO

RealNetworks Inc. announced that Rob Glaser has been appointed as permanent CEO.

RealNetworks Inc. to Report Q2, 2014 Results on Jul 30, 2014

RealNetworks Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

RealNetworks Inc., Q2 2014 Earnings Call, Jul 30, 2014

RealNetworks Inc., Q2 2014 Earnings Call, Jul 30, 2014

 

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