TiVo shares are trading modestly higher after hours Tuesday following the DVR maker’s earnings report for the fiscal fourth quarter ended January 31.
For the quarter, the company reported service and technology revenue of $65.7 million, up 31% from a year ago, and ahead of the company’s guidance range of $65 million to $67 million. Street consensus was $64.8 million.
Net loss in the quarter was $15.8 million, consistent with the company’s guidance range, which called for a loss of $15 million to $17 million. On a per-share basis, the company lost 13 cents a share, slightly wider than the Street consensus forecast of 11 cents, with share count the primary swing factor. Adjusted EBITDA including litigation expense was a loss of $2.6 million, in line with guidance for a loss of $2 million to $4 million.
For FY Q1, the company sees service and technology revenue of $60 million to $62 million, below the Street at $67.3 million, with a loss of $16 million to $19 million, and an adjusted EBITDA loss of $5 million to $8 million. The company expects $11 million to $12 million in litigation expense in the quarter, as the company moves closer to a scheduled May date for its patent infringement case against Google’s Motorola Mobility unit.
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TiVo Reports Net Loss, Higher Sales For Fiscal Q4 (Twice)
TiVo revenue rises on higher subscriptions (Chicago Tribune)
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