Earnings
DivX Swings To Loss; Revenues Drop 32 Percent
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Digital video technology firm DivX, in the middle of trying to shift from its DVD licensing business to other categories, such as set-top boxes and mobile phones, swung to a loss of $319,000 as revenues fell 32 percent to $16.6 million. Kevin Hell, DivX’s CEO, cited the company’s August acquisition of AnySource Media for $7.5 million, plus earnout, as evidence of its intentions to broaden its product offerings.
Earnings release | Webcast 4:30 PM ET)
| 3Q 2009 | 3Q 2008 | |
|---|---|---|
| EPS | -$0.01 | $0.16/td> |
| Net Income | -$319,000 | $5.3M |
| Revenue | $16.6M | $24.4M |
Posted In: Media & Publishing, TV, IPTV, Money, Earnings
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