Envivio (ENVI) Posts Q3 Loss of 15c/Share

Envivio (NASDAQ: ENVI) reported Q3 EPS of ($0.15), $0.07 worse than the analyst estimate of ($0.08). Revenue for the quarter came in at $9 million, versus the consensus estimate of $12 million.

In Q314, Envivio reported a loss of $0.08 per share.

3 Business and Product Highlights

• Tier 1 Operator Revenue – A U.S. tier one multi-screen operator placed a purchase order for Envivio products and services, which represented more than 10% of third quarter revenue.
• New customers – Envivio added three new customers to its roster of leading broadcast and operator companies.
• Launched new product – In October, Envivio announced the latest version of its network media processor, Envivio HaloTM 4. Halo supports a range of video platforms including all Apple devices, such as the most recently launched iPhones and iOS tablets.
• Awards and accolades – Envivio's technologies and services were nominated for a number of awards. Envivio was also named in Streaming Media's "100 in Online Video," while TechNavio Research named Envivio as a "Key Vendor for Global Video Services" in the connected TV market. This group of notable vendors also included Comcast, DIRECTV, Hulu and Netflix.
• Partnered with Huawei for 4K integration – In September, Huawei announced successful completion of end-to-end integration and verification for 4K videos on its IP Video Solution 2.0. Envivio participated in the launch with the integration of Huawei's technology with Envivio's Muse and 4Caster solutions.

For earnings history and earnings-related data on Envivio (ENVI) click here.

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