RealNetworks (RNWK) Misses Q1 EPS by 14c, Miss on Revenues

RealNetworks (NASDAQ: RNWK) reported Q1 EPS of ($0.14), $0.14 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $19.7 million versus the consensus estimate of $33.11 million.

• Revenue of $19.7 million, similar to the prior year period and up from $18.9 million in the prior quarter
• Gross margin from continuing operations increased to 74% from 67% in the prior year period
• Adjusted EBITDA from continuing operations improved $1.5 million year-over-year to a loss of $(3.0) million
• Focused on four key growth initiatives: RMHD, Kontxt, RealCV and mobile game subscriptions; these initiatives are expected to drive revenue growth in 2018 and beyond

Business Outlook

For the second quarter of 2018, RealNetworks expects to achieve the following results:

• Total revenue is expected to be in the range of $16 million to $18 million.
• Adjusted EBITDA loss is expected to be in the range of $(3.5) million to $(5.5) million.

For earnings history and earnings-related data on RealNetworks (RNWK) click here.

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