TiVo Boosts Revenue, Narrows Loss in Q1

By Eric Volkman – May 20, 2013 at 7:57PM

NASDAQ: TIVO

TiVo

The company halves its bottom-line red figure.

TiVo (TIVO) results for the company's Q1 2014 have been released. For the quarter, revenue was $82.6 million, up from the $67.8 million in the same period the previous year. Of that most recent top-line number, service and technology revenues came in at $61.8 million. Meanwhile, the firm managed to halve its net loss over that time frame, posting a shortfall of $10.3 million ($0.09 per diluted share) compared to Q1 2013's red figure of $20.8 million ($0.17).

On average, analysts had expected revenue of just under $62 million and a per-share loss of $0.15.

TiVo also proffered guidance. For its current Q2, service and technology revenues are expected to total $68 million-$70 million, with net loss coming in at $13 million-$16 million.

Fool contributor Eric Volkman has no position in TiVo, and neither does The Motley Fool. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.