Lake Street Capital Markets Starts RealNetworks (RNWK) at Buy

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RealNetworks (RNWK) Reports Q1 Loss of $0.27 on Revenues of $15.9M; Offer 2Q Revs. Views

May 12, 2021 4:06 PM EDT

RealNetworks (NASDAQ: RNWK) reported Q1 EPS of ($0.27), versus ($0.12) reported last year. Revenue for the quarter came in at $15.9 million, versus $16.82 million reported last year.

Revenue of $15.9 million, driven by growth in AI-businesses offset by declines in some of the Company's foundation businesses160% year-over-year revenue growth for SAFRTM driven by successes in the U.S. Federal market and in global commercial applicationsNet loss of $(10.6) million; adjusted EBITDA loss of... More