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
Jul 30 14
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., Annual General Meeting, Sep 17, 2014
Jul 25 14
RealNetworks Inc., Annual General Meeting, Sep 17, 2014., at 13:30 Pacific Standard Time. Location: 1501 First Avenue South. Agenda: To consider the election of directors: Janice Roberts and Michael B. Slade; to consider the approval of amendments to the company's 2005 stock incentive plan; to consider the non-binding advisory vote on executive compensation; and to consider the ratification of KPMG LLC as independent registered public accounting firm.
RealNetworks Inc. to Report Q2, 2014 Results on Jul 30, 2014
Jul 15 14
RealNetworks Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014