TiVo Reports Narrowed Loss7 Mar, 2002 By: Hive News
TiVo Inc. reported narrowed losses for the fiscal fourth quarter and year ended Jan. 31.
The net loss for the quarter was $38.5 million, or 85 cents per share, compared to a loss of $81.5 million , or $2 a share, in the year earlier period. For the year, the company posted a net loss of $157.7 million, versus a loss of $216.6 million the year before.
Revenue for the quarter increased 212 percent to $6.8 million, compared to $2.2 million in the same period the year before. For the year, revenue jumped 318 percent to $19.4 million, compared to $4.6 million the year before.
The company added approximately 100,000 subscribers in the quarter ended Jan. 31, bringing the total subscriber base to approximately 380,000, the company reported.