TiVo (TIVO): Q1 EPS of -$0.13 beats by $0.02. Revenue of $82.5M beats by $20.62M. (PR)

TiVo (TIVO): Q1 EPS of -$0.13 beats by $0.02. Revenue of $82.5M beats by $20.62M. (PR)
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Comments (3)
  • Ajayyy
    , contributor
    Comments (325) | Send Message
    Higher margin products experienced increase in demand and helped beat the bottom line guidance. Bought back $31M shares to bring the total to $57M bought back.


    Signed Atlantic Broadband (cable provider), the 12th largest U.S. MSO (Multiple system Operator).


    Tivo mini sounds like a success. I like that they didn't force their customers to pony up on more tivo boxes to connect multiple tvs in the house. Also, launched Tivo App. All of this while reducing R&D costs by 13%.


    One topic of concern is the upcoming litigation against Motorola regarding patents. They estimate 9-11M in litigation costs. Excluding these costs the company would have been profitable (EBITDA) next quarter.


    Gross margin increased a lot and operating expenses are up slightly.


    Overall, I got no complaints. The company did good.
    20 May 2013, 04:27 PM Reply Like
  • andalcie
    , contributor
    Comments (19) | Send Message
    Was this outperformance expected Ajayyy? Seems pretty good.
    20 May 2013, 05:38 PM Reply Like
  • Ajayyy
    , contributor
    Comments (325) | Send Message
    Well they had a big earnings miss last quarter. So, I was expecting them to try to impress this report. I found it odd that they never really discussed their short-comings from last quarter.


    This report isn't really an outperformance but rather a confirmation that the company is back on track and hopefully won't mess up again.
    20 May 2013, 07:03 PM Reply Like
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