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RealNetworks, Inc. (RNWK) reported its Q1 2022 financial results with revenue of $13.3 million, slightly down from $13.4 million in Q4 2021 and down from $15.9 million YoY. The company faced a net loss of $(5.2) million or $(0.11) per diluted share, worsening from a net loss of $(1.8) million in the prior quarter. Adjusted EBITDA also saw a loss of $(3.8 million, compared to $(3.7 million) in Q4 2021. The company launched SAFR SCAN, its first integrated hardware-software product, and appointed Mike Cooley as President for KONTXT, bolstering its growth strategy.
RealNetworks, Inc. (Nasdaq: RNWK) will announce its 2022 first-quarter financial results after the market closes on May 4, 2022. The company will also host a conference call at 1:30 p.m. PT / 4:30 p.m. ET on the same day. Participants can join via phone or access a live webcast on RealNetworks' Investor Relations site. The company is known for its AI-powered digital media solutions and includes notable products like SAFR and KONTXT. A telephonic replay of the call will be available until May 18, 2022.
RealNetworks, Inc. (NASDAQ: RNWK) has appointed Mike Cooley as the new President for KONTXT, Messaging, and Telecom. This strategic move highlights Real's progress in establishing KONTXT as a core platform, with the aim of expanding its business in the telecom sector.
Cooley brings over 20 years of experience in mobile and digital growth, having worked with companies like Sprint and Kajeet. His role will focus on driving KONTXT's strategy, sales, and global operations, enhancing Real's messaging capabilities through advanced Machine Learning-based NLP technologies.
RealNetworks, Inc. (NASDAQ: RNWK) reported financial results for Q4 and FY 2021, revealing a revenue decline to $58.2 million, down from $68.1 million in 2020. The net loss amounted to $21.2 million, or $(0.48) per diluted share, compared to a net loss of $(4.8) million the previous year. Despite challenges, AI-based business revenues grew, with SAFR increasing by 44% and KONTXT by 14%. RealNetworks anticipates a revenue range of $12 million to $14 million for Q1 2022, with continued investments in AI and gaming expected to drive future growth.
RealNetworks announced the release of SAFR version 3.8, enhancing usability, security, and enterprise functionalities. Key upgrades include quick facial recognition with liveness detection, improved operator console features, and streamlined SSL support for secure communications. The update allows users to manage multiple video feeds from a central server, ensuring complete control over system configurations. SAFR aims to solidify its position as a leading facial recognition solution, optimizing performance through advanced GPU technology while prioritizing user privacy and security.
RealNetworks, Inc. (Nasdaq: RNWK) will announce its financial results for Q4 and the fiscal year 2021 on February 9, 2022, after market closure. A conference call with investors is scheduled for 1:30 p.m. PT / 4:30 p.m. ET on the same day. Participants can join via phone or access a live webcast on the Investor Relations site. The results will provide insights into the company's performance, leveraging its AI and digital media solutions.
RealNetworks (NASDAQ: RNWK) has launched KONTXT for Images, a new service to combat fraudulent activities via multimedia messaging. Deployed with two top U.S. mobile operators, this service enhances security by inspecting MMS messages for scams and phishing attempts. The AI-powered platform significantly reduces spam complaints and operational costs for mobile carriers. Michael Bordash, CTO, highlights its omni-channel capabilities in real-time threat detection, addressing the gaps in existing telecom security.
RealNetworks (NASDAQ: RNWK) announced that its SAFR® facial recognition technology has been selected for the new FACEma® access control system at Japanese construction sites. Developed with Nextware and Kids-Way, this system automates worker attendance and health checks, crucial for managing operations amidst a diverse workforce. The technology is designed to minimize bias and enhance efficiency, responding to the construction industry's push for digital transformation and improved health management, aligning with initiatives from the Japanese Ministry of Land.
RealNetworks, Inc. (Nasdaq: RNWK) reported its Q3 2021 results, announcing revenue of $14.3 million, marking a 13% decline year-over-year. The company faced a net loss of $(7.7) million and Adjusted EBITDA loss of $(2.7) million. Despite this, its AI divisions saw significant growth, with SAFR™ up 124% and KONTXT by 12%. RealNetworks retains a strong balance sheet, with $29 million in cash and no debt. Looking ahead, the company expects Q4 revenue between $12.5 million and $15 million.
