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RealNetworks, Inc. (Nasdaq: RNWK) announced the appointment of Simonetta Lulli Gómez as the new CEO of GameHouse on Nov. 2, 2021. Gómez, an industry veteran with extensive experience in game development, will lead GameHouse’s mission to dominate the casual mobile gaming market for women. She succeeds Rutger Peters and Erik Goossens, who led the company for seven years. Gómez previously served as Head of Spin Master Studios and has a strong background in strategy and growth. The transition is expected to enhance GameHouse's position in the casual gaming sector.
SAFR from RealNetworks has been selected as the facial recognition technology provider for Japan's My Number card initiative, transitioning from paper documents to digital IDs. This system will enhance access to healthcare and government services across hundreds of thousands of facilities over the next two to three years. The My Number Card Reader utilizes SAFR’s facial recognition technology, ensuring high accuracy and low bias. The digital ID will streamline identification and reduce administrative costs, improving healthcare service efficiency.
RealNetworks, Inc. (Nasdaq: RNWK) will announce its third-quarter financial results for 2021 on November 3, 2021, after market closure. A conference call is scheduled for 1:30 p.m. PT / 4:30 p.m. ET, accessible via specific telephone numbers for domestic and international participants. A replay of the call will be available until November 24, 2021. The company specializes in AI-powered digital media solutions, offering products like SAFR and KONTXT, enhancing video and text analysis. More information is available on their Investor Relations website.
RealNetworks has launched the RealPlayer Mobile app, available for Android and iOS users, enabling video downloading, transferring, and streaming across devices.
The app integrates with RealPlayer for Windows, allowing users to access their video libraries anywhere, even offline. Key features include the ability to cast videos to smart TVs and download content from platforms like YouTube and TikTok.
RealPlayer Mobile is available for free, enhancing user media accessibility and sharing capabilities.
RealNetworks (NASDAQ: RNWK) has launched the MaskCheck™ Kiosk, a hardware and software solution designed to promote mask usage in public spaces amid the resurgence of COVID-19, particularly the Delta variant. Priced initially at $995, the Kiosk automates the monitoring of mask compliance, replacing human oversight. It features instant notifications, visual prompts, and does not utilize facial recognition technology. The Kiosk is available for purchase online and aims to ensure safer environments in workplaces while supporting local health mandates.
RealNetworks, Inc. (RNWK) reported Q2 2021 revenue of $14.6 million, down 8% quarter-over-quarter and 15% year-over-year. However, the company experienced significant growth in its AI-based businesses, with SAFR growing 282% and KONTXT increasing by 15% year-over-year. The net loss was $(1.3) million, a decrease from previous losses, aided by a $2.9 million gain from PPP loan forgiveness. The company strengthened its balance sheet with $29.9 million in cash and no debt. For Q3 2021, RealNetworks projects revenue between $13.5 million to $15.5 million, anticipating further growth in 2022 and 2023.
RealNetworks, Inc. (Nasdaq: RNWK) is set to announce its financial results for Q2 2021, ending June 30, after market closure on August 4, 2021. The company will host a conference call at 1:30 p.m. PT (4:30 p.m. ET) that day. Participants can join by calling 1-877-451-6152 (U.S.) or 1-201-389-0879 (international). A replay will be available until August 25, 2021. RealNetworks specializes in AI-driven digital media solutions, including its SAFR computer vision platform and KONTXT NLP platform.
RealNetworks, Inc. (Nasdaq: RNWK) announced its participation in the virtual Summer Solstice – Best Ideas from the Buy-Side Conference, taking place from June 1-4, 2021. Senior management will present on June 2 at 5:00 p.m. ET, with the presentation available for live streaming and an archived version accessible for 90 days on the company’s website. RealNetworks is recognized for its AI-driven digital media solutions, including the SAFR computer vision platform and KONTXT NLP platform. For more details, visit www.realnetworks.com.
SAFR from RealNetworks announced a partnership with Convergint Technologies to integrate SAFR's advanced facial recognition technology into Convergint's security solutions. This collaboration will provide US customers with the most accurate and unbiased facial recognition platform available.
Convergint, a $1.4 billion systems integrator, aims to enhance its offerings with SAFR's compact solution that complies with regulations like GDPR. The partnership underscores a commitment to privacy and innovation, as they plan to develop tailored solutions for diverse security needs.
RealNetworks (RNWK) reported a first-quarter revenue of $15.9 million, a decrease of 10% from the previous quarter and 6% year-over-year. The company's AI segment, SAFR, grew by 160%, while KONTXT increased 10%. Net loss was $(10.6) million with an adjusted EBITDA loss of $(3.0) million. Operating expenses rose by 127% from Q4 2020. The public offering on April 29 provided $20.3 million for future initiatives. For Q2 2021, revenue is projected between $14.0 million to $15.5 million, with an adjusted EBITDA loss forecasted between $(6.0) million to $(4.5) million.
