RealNetworks, Inc. (RNWK) reported a net loss for the third quarter of $22.2 million or $0.63 per share, compared to a net loss of $5.2 million or $0.15 per share for the year-ago quarter.
The latest quarter results include restructuring charges of $11.0 million mainly for employee severance costs, costs associated with the transfer of some SaaS contracts to Livewire Mobile, Inc., and a loss on excess office facilities; and $2.2 million in gains on the sale of a portion of the company's investment in LoEn Entertainment, Inc.
Revenue for the third quarter fell 30% to $59.09 million from $84.41 a year ago.
Looking forward, the company forecast fourth quarter revenue of $60.0 million to $63.0 million.
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