Tivo (Nasdaq:TIVO), the pioneer in digital video recording, announced earnings yesterday for the quarter ended Jan 31. The Company reported a quarterly loss of $18.7m (.19c a share) versus a loss of $21.1m (.25c a share) for the same period last year.
Net revenues were at $77.6 compared to $60.1 a year ago. Revenue excluding hardware sales, service and technology was up 22% to $57.4m
For the entire fiscal year, Tivo reported a net loss of $47m on revenue of $259m compared to a loss of $37m on revenue of $196m for the prior year.
With subscription numbers, an important metric of performance for a company like Tivo, Tivo added 101,000 net new subscribers but lost 91,000 customers previously gained through satellite TV provider DirecTV.
In various statements analysts are expressing concern about subscriber metrics.
More detailed press coverage on Tivo’s finances can be found at: