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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • TiVo Earnings Up With Patent Settlement 0 comments
    Aug 28, 2013 11:19 AM | about stocks: TIVO

    Originally published at www.seclive.com

    Filing in Focus: TiVo 8-K, August 27, 2013

    TiVo Inc. (NASDAQ:TIVO) announced its financial results for the second quarter of fiscal year 2013, reporting profit of $268.9M. The company generated revenues of $100.1M, up 53% from a year ago at $65.3M. The company earned $268.9M, or $1.96 per share, up from a loss of $27.7M a year ago with $0.23 losses per share. When excluding a one-time gain of $490M it received from a settled patent dispute with Google and Cisco, the company would have recorded a net loss of $13.1M. TiVo has a reported a net loss for almost every quarter over the last 10 years however Tom Rogers, TiVo CEO, now believes the company has now reached a point where it will remain profitable. The company launched a number of new products and thanks to its lawsuit victory, is now positioned to capitalize on more opportunity.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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