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.
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