Last10K.com

Realnetworks Inc (RNWK) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

Realnetworks Inc

CIK: 1046327 Ticker: RNWK


Exhibit 99.1
REALNETWORKS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2015 RESULTS


Revenue of $29.9 million for Fourth Quarter and $125.3 million for Full Year;
EBITDA Loss improves to $(4.2) million for Fourth Quarter from $(12.2) million in Third Quarter;
New mobile carrier partnerships for RealTimes with Verizon and KDDI;
Rhapsody paid subscribers grew 45% in 2015; and
Cash and short-term investments of $99.1 million

SEATTLE - February 9, 2016 - RealNetworks, Inc. (Nasdaq: RNWK), a leader in personal digital entertainment, today announced results for the fourth quarter ended December 31, 2015.
For the fourth quarter of 2015, revenue was $29.9 million compared to $30.8 million in the previous quarter and $35.5 million in the fourth quarter of 2014. Excluding revenue from the Slingo and social casino games business, which was sold during the third quarter of 2015, revenue for the previous quarter was $29.8 million and for the fourth quarter of 2014 was $33.7 million. For the full year 2015, revenue was $125.3 million, compared to $156.2 million in 2014. Excluding the Slingo and social casino games business, revenue for the full year 2015 was $120.4 million, compared to $149.4 million in 2014.
“2015 was an important transition year for RealNetworks, with significant successes,” said Rob Glaser, Chairman and CEO of RealNetworks. “Our revenue is stabilizing and we’ve set the stage for growth in 2016. By rationalizing our costs and cutting our losses significantly, we are also positioned for a return to profitability. 
“We’ve signed up major new partners, such as KDDI and Verizon, and we’re gaining traction with big tier 1 carriers around the world for our carrier-oriented products, such as RealTimes and Listen Ring Back Tones. At the same time, we’ve simplified and focused our games business, going back to our roots in Casual Games and setting it up for sustained growth.
“We are also pleased with 45% subscriber growth in 2015 at the Rhapsody music service, in which we play a significant role and have a large ownership stake.
“While it’s taken longer and required more capital to achieve these results than I had hoped when I came back to run RealNetworks three and a half years ago, I’m confident that we’re on a path to succeed and create value in each of our businesses and for the company as a whole.”
GAAP net loss for the fourth quarter of 2015 was $(8.4) million or $(0.23) per share, compared to $(20.8) million or $(0.58) per share in the fourth quarter of 2014. GAAP net loss for 2015 was $(81.8) million or $(2.26) per share, compared to $(71.8) million or $(2.00) per share in 2014.
Adjusted EBITDA for the fourth quarter of 2015 was a loss of $(4.2) million, compared to $(12.2) million for the previous quarter and $(15.2) million for the fourth quarter of 2014. Adjusted EBITDA for the full year 2015 was a loss of $(45.8) million, compared to $(56.6) million for the prior year. A reconciliation of GAAP operating income (loss) to adjusted EBITDA is provided in the financial tables that accompany this release.
As of December 31, 2015, the company had $99.1 million in unrestricted cash, cash equivalents and short-term investments, compared to $112.2 million as of September 30, 2015.

Business Outlook




The following information was filed by Realnetworks Inc (RNWK) on Tuesday, February 9, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Realnetworks Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Realnetworks Inc.

Continue

Assess how Realnetworks Inc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Realnetworks Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations And Comprehensive Income (loss)
Consolidated Statements Of Operations And Comprehensive Income (loss) (parenthetical)
Consolidated Statements Of Shareholders' Equity And Noncontrolling Interest
Accrued And Other Current Liabilities
Accrued And Other Current Liabilities (detail)
Accrued And Other Current Liabilities (tables)
Acquisitions And Disposals
Acquisitions And Disposals (details)
Allowance For Doubtful Accounts Receivable And Sales Returns
Allowance For Doubtful Accounts Receivable And Sales Returns (activity In Allowance For Doubtful Accounts Receivable And Sales Returns) (detail)
Allowance For Doubtful Accounts Receivable And Sales Returns (additional Information) (detail)
Allowance For Doubtful Accounts Receivable And Sales Returns (tables)
Commitments And Contingencies
Commitments And Contingencies (commitments) (details)
Commitments And Contingencies (litigation) (details)
Commitments And Contingencies (tables)
Description Of Business And Summary Of Significant Accounting Policies
Description Of Business And Summary Of Significant Accounting Policies (narrative) (detail)
Description Of Business And Summary Of Significant Accounting Policies (policies)
Earnings (loss) Per Share
Earnings (loss) Per Share (detail)
Earnings (loss) Per Share (tables)
Employee Stock And Benefit Plans
Employee Stock And Benefit Plans (employee Stock Purchase Plan Narrative) (details)
Employee Stock And Benefit Plans (equity Compensation Plans Narrative) (details)
Employee Stock And Benefit Plans (restricted Stock Unit And Award Activity) (details)
Employee Stock And Benefit Plans (retirement Savings Plan Narrative) (details)
Employee Stock And Benefit Plans (stock Option Activity) (details)
Employee Stock And Benefit Plans (tables)
Employee Stock And Benefit Plans (weighted-average Assumptions Used To Determine Fair Value Of Options Granted) (detail)
Fair Value Measurements
Fair Value Measurements (additional Information) (detail)
Fair Value Measurements (financial Assets Measured At Fair Value On A Recurring Basis) (detail)
Fair Value Measurements (short-term Investments) (details)
Fair Value Measurements (tables)
Goodwill
Goodwill (changes In Goodwill) (detail)
Goodwill (goodwill By Segments And Acquisition) (detail)
Goodwill (tables)
Guarantees
Income Taxes
Income Taxes (components Of Income (loss) Before Income Taxes) (details)
Income Taxes (components Of Income Tax Expense (benefit)) (details)
Income Taxes (income Tax Rate Reconciliation) (details)
Income Taxes (narrative) (details)
Income Taxes (net Deferred Tax Assets) (details)
Income Taxes (schedule Of Unrecognized Tax Benefits) (details)
Income Taxes (tables)
Lease Exit And Related Charges
Lease Exit And Related Charges (changes To Accrued Loss On Excess Office Facilities) (detail)
Lease Exit And Related Charges (tables)
Other Intangible Assets
Other Intangible Assets (additional Information And Expected Amortization) (details)
Other Intangible Assets (schedule Of Intangible Asset By Class) (detail)
Other Intangible Assets (tables)
Quarterly Information (unaudited)
Quarterly Information (unaudited) (details)
Quarterly Information (unaudited) (tables)
Recent Accounting Pronouncements
Related Party Transactions
Related Party Transactions (additional Information) (detail)
Restructuring Charges
Restructuring Charges (details)
Restructuring Charges (tables)
Rhapsody Joint Venture
Rhapsody Joint Venture (additional Information) (detail)
Rhapsody Joint Venture (summarized Financial Information For Rhapsody) (detail)
Rhapsody Joint Venture (tables)
Segment Information
Segment Information (long-lived Assets By Geographic Region) (detail)
Segment Information (narrative) (detail)
Segment Information (revenue By Geographic Region) (detail)
Segment Information (segment Results) (detail)
Segment Information (tables)
Shareholders' Equity (tables)
Shareholders??? Equity
Shareholders??? Equity (accumulated Other Comprehensive Income (loss)) (details)
Shareholders??? Equity (narrative) (details)
Ticker: RNWK
CIK: 1046327
Form Type: 10-K Annual Report
Accession Number: 0001046327-16-000072
Submitted to the SEC: Mon Feb 29 2016 5:25:23 PM EST
Accepted by the SEC: Mon Feb 29 2016
Period: Thursday, December 31, 2015
Industry: Computer Programming Services

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/rnwk/0001046327-16-000072.htm