Friday, January 30, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
HDDs Shipments Increased In 2014
FCC To Fine AT&T For Unathorized Operation Of Wireless Stations
Google Reports Increased Profit
Facebook Introduces Place Tips in News Feed
AMD Cuts Prices Of Radeon Graphics Card To Cash On GTX 970 Memory Furor
HyperX Sets DDR4 Overclocking Record
Intel 5th Generation vPro Processors Released
Mobile Provider TracFone to Pay $40 Million to Settle FTC Charges
Active Discussions
Writing Audio files on DVDs ?
Need major help with Gigabeat
New match-3 puzzle game launch now!
Rimage 2000i
Sound card for my Laptop
hello
full screen wide screen
Hi
 Home > News > Optical Storage > Roxio p...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, January 24, 2003
Roxio posts loss, sees return to profits


Roxio Inc, which makes CD-burning software, on Wednesday posted a third quarter net loss, but forecast a return to profitability on a pro forma basis in the fourth quarter.

Roxio, which recently bought patents and intellectual property of Napster for $5 million, posted a third-quarter net loss of $9.2 million or 47 cents a diluted share, including charges for amortization of intangible assets, compared with net income of $0.6 million, or 4 cents a year earlier.

Net revenue totaled $26.4 million versus $36.2 million a year earlier. Pro forma net loss was $7.4 million, or 38 cents per share, including about 21 cents related to the settlement of a lawsuit by former shareholders of Incat Systems.

Analysts on average had forecast Roxio to report a loss of 12 cents, according to Thomson First Call.

The third-quarter results compare with pro forma net income of $3.4 million, or 20 cents per basic and 19 cents per diluted share, for the same period of the prior fiscal year.

The company said it was forecasting a strong return to profitability in the fiscal fourth quarter on pro forma earnings per share of 19 cents and should exit the fiscal year with over $45 million in cash and cash investments. It said it expects new products will drive healthy revenues and increased profitability for 2004.


Previous
Next
Let private sector fight piracy, tech firms say        All News        Let private sector fight piracy, tech firms say
Let private sector fight piracy, tech firms say     Optical Storage News      Let private sector fight piracy, tech firms say

Source Link Get RSS feed Easy Print E-Mail this Message

Related News
New Roxio Creator NXT 3 Delivers Fast Movie-Making
New Roxio Toast 12 Delivers Digital Media Power for Mac
Roxio Creator NXT 2 Now Available
Roxio MediaBook for Windows 8 Released
Capture You GamePlay in HD With New New Roxio Game Capture HD PRO
New Roxio Creator NXT Released
Corel Completes Acquisition of Roxio, Introduces Roxio Easy VHS to DVD 3 Plus
Corel Acquires Roxio Business from Rovi
Roxio Toast 11 Released
Roxio Launches Video Lab HD with 3D
Roxio Adds 3D to Personal Media with Creator 2011
Roxio Releases Retrospect 8.2 for Mac

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .