Last $7.38 USD
Change Today -0.07 / -0.94%
Volume 46.9K
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As of 8:10 PM 07/11/14 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 that Mike Mulica, former CEO of Openwave, has joined the company as President of Worldwide Sales and Business Development. In this new role, Mulica will oversee sales, business development, and partnerships at Real. Max Pellegrini, currently President of RealNetworks' Mobile Entertainment division, will move into a new role as President of Products and Marketing at RealNetworks, focused on the combined mobile entertainment and RealPlayer product lines. Both Pellegrini and Mulica will report directly to Glaser.

RealNetworks Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Second Quarter of 2014

RealNetworks Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the first quarter of 2014, the company’s revenue was $45.724 million, compared to $50.6 million in the previous quarter and $56.793 million in the first quarter of 2013. Operating loss was $8.876 million against $11.426 million a year ago. Loss before income taxes was $7.284 million against $12.903 million a year ago. Net loss was $7.770 million or $0.22 per basic and diluted share against $11.674 million or $0.33 per basic and diluted share a year ago. Net cash used in operating activities was $18.510 million against $6.733 million a year ago. Purchases of equipment, software, and leasehold improvements were $0.998 million against $1.194 million a year ago. Adjusted LBITDA was $13.918 million against $3.009 million a year ago. The company provided earnings guidance for the second quarter of 2014. For the second quarter of 2014, the company expects total revenue in the range of $38.0 million to $41.0 million. The company expects adjusted EBITDA for the quarter to be a loss in the range of $13.0 million to $16.0 million.

RealNetworks Inc. Opens Two Offices in Croatia, in Zagreb and Osijek, Reports Poslovni Dnevnik

RealNetworks has announced the opening of two offices in Croatia, in Zagreb and Osijek. A Croatian team of software engineers and designers collaborated on the development of the mobile applications RealPlayer Cloud, a RealNetworks product, at an early stage of the project by providing assistance in upgrading and integration with various platforms, such as Amazon Fire TV. RealNetworks has entered the Croatian market by taking over the team from Pet Minuta.

RealNetworks Inc. to Report Q1, 2014 Results on May 07, 2014

RealNetworks Inc. announced that they will report Q1, 2014 results at 5:00 PM, Eastern Standard Time on May 07, 2014

RealNetworks Inc., Q1 2014 Earnings Call, May 07, 2014

RealNetworks Inc., Q1 2014 Earnings Call, May 07, 2014

 

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