RSSTiVo tiptoes to its first full year of profitability
By Angela Gunn | Published March 2, 2009, 8:25 PM
Revenue may be down 20% with more pain in store for next quarter, but give TiVo this: The company has at last reported its first consecutive four quarters of profitability.
The DVR pioneer lost $3.6 million, or 4 cents per share, compared to a loss of $6.4 million, or 6 cents, year-over-year. TiVo's net income for FY09, just ended, was $104 million compared to a year-over-year loss of $32 million. Subscriptions are down by about 125,000, which may or may not reflect similar drops at cable providers as the recession wears on.
For Q1 2010, underway now, TiVo anticipates revenues of between $47 million and $49 million, with net losses between $6 million to $8 million.
Wow,
A profit after only 8 years. Hooray.
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|This is good news.. a company with a good product and solid book keeping makes money?? Send that CFO and CEO to a bank..
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|How many of the 125,000 subscribers mentioned in this story were DirecTV users that could no longer use their DirecTiVo when DirecTV stopped supporting analog transmissions? It's a little unfair to hold them accountable for a loss in subscribers due to a 3rd-party's actions -- those people would still be TiVo subscribers if they had the choice.
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