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RealNetworks (NASDAQ:RNWK) reported quarterly losses of $(0.14) per share. This is a 12.5 percent increase over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $11.71 million which missed the analyst consensus estimate of $12.90 million by 9.24 percent. This is a 18.31 percent decrease over sales of $14.33 million the same period last year.
SEATTLE, July 14, 2022 /PRNewswire/ -- RealNetworks, Inc. (Nasdaq: RNWK), today announced an orderly CFO transition plan. Christine Chambers, Real's current CFO, will be leaving Real on July 31, 2022 to pursue another opportunity. To fill her role, the Company announced the hiring of Brian McClain. Mr. McClain joined the Company as a full-time strategic advisor on July 6th and will succeed Ms. Chambers as Interim CFO and Treasurer on August 1, 2022. "On behalf of everyone at Real, I want to thank Christine for her many contributions to the Company and for the thorough and professional way she is handling this upcoming transition," said Rob Glaser, Real's CEO. "I wish Christine the best in he
SEATTLE, June 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), a leader in AI-powered digital media software and solutions, announced two significant changes to its leadership team. First, Real announced the appointment of Paul DiPeso to the newly created position of President, SAFR. Mr. DiPeso started today and reports to CEO Rob Glaser. Mr. DiPeso has over 25 years of top management experience in physical security with leading industry corporations. He was most recently Executive Vice President and General Manager of Feenics, an Access Control as a Service (ACaaS) software solutions company that was recently acquired by ACRE. He previously served in various physical security exe
SEATTLE, April 6, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK) today announced the appointment of Mike Cooley to the newly created position of President for KONTXT, Messaging, and Telecom. This new role is recognition of both the significant progress Real has made in developing KONTXT® into a core platform for Real's future, and the large opportunities available to turn KONTXT into a very significant business at Real. "In just a few short years, KONTXT has become one of the most widely used NLP platforms in the U.S. Telecom industry, blocking millions of pernicious sp
SEATTLE, Nov. 8, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the third quarter ended September 30, 2022. Revenue was $11.7 million, net loss of $(6.7) million and Adjusted EBITDA loss of $(5.8) millionSAFR Scan received its first large order and smaller orders are creating a sales opportunity pipelinePending merger process continues and the company is managing its resources responsibly through the processManagement Commentary"In the third quarter we continued to manage our business rigorously while Real's transition moves forward. Shareholders will be asked to vote on the Merger Agreem
SEATTLE, Nov. 1, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, announced today it will report financial results for its 2022 third quarter ended September 30, 2022 after the market closes on Tuesday, November 8, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-550-1707 (United States) or 1-848-488-9020 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Tuesday, November 22, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (interna
Company Announces Definitive Merger Agreement with CEO Rob Glaser, Subject to Shareholder Approval SEATTLE, July 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the second quarter ended June 30, 2022. Revenue was $11.9 million, net loss of $(5.1) million and Adjusted EBITDA loss of $(4.2) millionAppointed Paul DiPeso to the newly created position of President, SAFRAnnounced CFO leadership transition; Brian McClain to serve as Interim CFO and Treasurer beginning on August 1stManagement Commentary"The second quarter was a period of transition and transformation for Real. We brought in tw
SEATTLE, Nov. 8, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the third quarter ended September 30, 2022. Revenue was $11.7 million, net loss of $(6.7) million and Adjusted EBITDA loss of $(5.8) millionSAFR Scan received its first large order and smaller orders are creating a sales opportunity pipelinePending merger process continues and the company is managing its resources responsibly through the processManagement Commentary"In the third quarter we continued to manage our business rigorously while Real's transition moves forward. Shareholders will be asked to vote on the Merger Agreem
SEATTLE, Nov. 1, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, announced today it will report financial results for its 2022 third quarter ended September 30, 2022 after the market closes on Tuesday, November 8, 2022. The Company will host a conference call that day at 1:30 p.m. PT / 4:30 p.m. ET. Participants can access the conference call by dialing 1-877-550-1707 (United States) or 1-848-488-9020 (international). A telephonic replay of the call will also be available shortly after the completion of the call, until 11:59 p.m. ET on Tuesday, November 22, 2022, by dialing 1-844-512-2921 (United States) or 1-412-317-6671 (interna
Company Announces Definitive Merger Agreement with CEO Rob Glaser, Subject to Shareholder Approval SEATTLE, July 28, 2022 /PRNewswire/ -- RealNetworks, Inc. (NASDAQ:RNWK), an emerging leader in AI-based software and solutions, today announced its financial results for the second quarter ended June 30, 2022. Revenue was $11.9 million, net loss of $(5.1) million and Adjusted EBITDA loss of $(4.2) millionAppointed Paul DiPeso to the newly created position of President, SAFRAnnounced CFO leadership transition; Brian McClain to serve as Interim CFO and Treasurer beginning on August 1stManagement Commentary"The second quarter was a period of transition and transformation for Real. We brought in tw
Lake Street initiated coverage of RealNetworks with a rating of Buy and set a new price target of $6.00
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