Archive for July 23rd, 2010

Calix reports 50% boost in revenues in first post-IPO earnings report

Last-mile gear provider Calix--which went public in March with an $82.3 million IPO and has made hay with contracts related to the Broadband Initiative Program--reported a second quarter GAAP net loss of $3.2 million, or pro forma 9 cents per share, a 64 percent improvement over 2Q09, when it booked a GAAP net loss of $8.8 million.

But the company's first post-IPO earnings report also had some good news. The Pentaluma, Calif.-based firm said it had a 50 percent increase in revenue for the quarter to $71.7 million from $47.8 million a year ago.

"Second quarter results were ahead of our expectations and represented strong growth and increased market momentum," said Calix president and CEO Carl Russo. "Communications service providers continued to leverage the increasing strength of our Unified Access portfolio to bring 'Fiber Forward' in their networks. As we look into the third quarter, we see a clear path to achieving our goals, but we will continue to manage our business closely as we monitor the macroeconomic climate."

Calix also announced that long-time board of directors member Paul Ferris, general partner at Azure Capital Partners, has resigned effective July 20, 2010.

For more:
- see this release

Related articles:
Calix unveils Initial Public Offering pricing
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Clicker partners with programmers to add social, mobile apps for Internet TV programming guide

Internet TV programming guide Clicker is rolling out a pair of apps that allow users to enhance their over-the-top Internet television viewing experience.

Clicker Social brings social discovery to Internet television by allowing people to discover, share, discuss, check-in to and earn recognition around their favorite shows and movies on Clicker, and third party sites.

The Clicker Mobile app for the iPhone and Android devices allows them to do it while on the go.

The launch of Clicker Social includes check-in buttons on partner sites ranging from PopSugar, to IGN, to Revision3, PBS and more. In addition, video platform providers Brightcove, Ooyala and thePlatform are integrating the Clicker Check-in button into their video players, extending the feature's reach to thousands of publishers' video content.

Fans will also be able to earn awards from launch partners including HBO, Paramount Digital Entertainment's The LXD, PBS, NCAA Vault, Crackle and more.

Los Angeles-based Clicker, which claims to be the "complete programming guide for the new era of Internet television," catalogs premium television shows, movies, Web originals, live events and music videos available on the Web, giving users a pretty solid view of what's available.

"Since day one our mission has been to help people discover what's available to watch, where to watch it, and what's worth watching in the new world of Internet television," said Jim Lanzone, CEO of Clicker. "Clicker Social now gives our users the tools to assist each other in the discovery process - all centered around our uniquely comprehensive, unbiased, and structured guide to online programming - while Clicker Mobile gives them the ability to connect with Clicker, and each other, from anywhere."

For more:
- see this release

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Verizon takes loss in 2Q; FiOS TV sees modest growth

Verizon Communications said its FiOS TV service base increased 27 percent over a year ago, with the addition of 174,000 new subs in the second quarter, but the company nevertheless reported a loss, primarily because of the $2.3 billion hit it took on the continuing buyout of 11,000 workers.

Verizon said it also added 196,000 FiOS Internet subscribers, bringing its total customer base to 3.2 million FiOS TV subs and 3.8 million FiOS Internet customers. Verizon has posted consecutive quarterly gains in the number of customers using FiOS services since FiOS Internet was introduced in 2004. Verizon said that by the end of the quarter, the FiOS network passed 15.9 million premises.

AT&T yesterday reported its U-verse television product added 209,000 subscribers, taking it to 2.5 million subscribers, an increase of almost 60 percent over the past year, and said revenues from U-verse services for the first time ever topped $1 billion for the quarter. It's overall profit for the quarter was $4.02 billion.

New York-based Verizon, meanwhile, said it lost $198 million, 7 cents a share, compared to a profit of $1.48 billion, or 56 cents a share, in the like quarter a year ago. Revenues fell short of analysts' expectations, dipping 0.3 percent to $26.7 billion.

Verizon's somewhat modest FiOS customer gains still produced $80.76 ARPU for the quarter, an 11.4 percent increase. ARPU for FiOS customers topped $145.

All FiOS-based services, including narrowband voice, generated 43 percent of consumer wireline revenues in the quarter, compared with 33 percent in second-quarter 2009, with total broadband and video revenues of $1.8 billion, up 20.1 percent from 2Q 2009.

FiOS TV penetration was 25.9 percent by the end of the quarter, with the product available for sale to 12.4 million premises. This compares with 24.6 percent and 10.3 million, respectively, at the end of second-quarter 2009.

FiOS Internet penetration was 29.7 percent by the end of the quarter, with the product available for sale to 12.9 million premises, compared to 28.1 percent and 11 million, respectively, at the end of 2Q09.

"Verizon showed solid improvement in operational results in the quarter," said Chairman and CEO Ivan Seidenberg.  "In addition, the wireline spinoff to Frontier on July 1 improves our future growth profile.  We see the opportunity to create additional shareholder value with a revenue portfolio that is now more heavily focused on wireless, FiOS and global IP."

For more:
- see this release

Related articles:
AT&T sees first ever $1B revenue quarter for U-verse as IPTV drives telco's consumer business
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