Audio

Boxlight Reports First Quarter 2021 Financial Results

Thursday, May 13, 2021 - 9:05pm

The gross profit margin for the three months ended March 31, 2021 was 25.6%, and adjusted for the net effect of acquisition-related purchase accounting, the margin was 28.0%, as compared to the 27.9% gross margin, as adjusted, reported for the three months ended March 31, 2020.

Key Points: 
  • The gross profit margin for the three months ended March 31, 2021 was 25.6%, and adjusted for the net effect of acquisition-related purchase accounting, the margin was 28.0%, as compared to the 27.9% gross margin, as adjusted, reported for the three months ended March 31, 2020.
  • The increase primarily resulted from additional overhead costs associated with the acquired Sahara operations in September 2020.\nOther income (expense) for the three months ended March 31, 2021 was net expense of $(3.1) million, as compared to net other income of $0.7 million for the three months ended March 31, 2020.
  • Adjustments to EBITDA include stock-based compensation expense, gains/losses recognized upon the settlement of certain debt instruments, gains/losses from the remeasurement of derivative liabilities, and the effects of purchase accounting adjustments in connection with acquisitions.\nAt March 31, 2021, Boxlight had $10.0 million in cash and cash equivalents, $21.8 million in working capital, $139.7 million in total assets, $20.6 debt, $47.4 million in stockholders\xe2\x80\x99 equity, 56.8 million common shares issued and outstanding, and 3.1 million preferred shares issued and outstanding.\nManagement will host a conference call to discuss the first quarter 2021 financial results on Thursday, May 13, 2021 at 4:30 p.m. Eastern Time.
  • The conference call details are as follows:\n"

Roku Chief Financial Officer to Present at Needham’s Virtual Technology & Media Conference

Thursday, May 13, 2021 - 9:05pm

b'Roku, Inc. (Nasdaq: ROKU) announced today that Chief Financial Officer Steve Louden will present at the Needham Virtual Technology & Media Conference on May 17, 2021.

Key Points: 
  • b'Roku, Inc. (Nasdaq: ROKU) announced today that Chief Financial Officer Steve Louden will present at the Needham Virtual Technology & Media Conference on May 17, 2021.
  • Louden is scheduled to present at 9:45 a.m. Pacific Time / 12:45 p.m. Eastern Time.\nRoku pioneered streaming to the TV.
  • Roku TV\xe2\x84\xa2 models are available in the U.S. and in select countries through licensing arrangements with TV OEM brands.
  • Roku is headquartered in San Jose, Calif. U.S.A.\nRoku is a registered trademark and Roku TV is a trademark of Roku, Inc. in the U.S. and in other countries.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005930/en/\n'

Oblong Announces Financial Results for First Quarter 2021

Thursday, May 13, 2021 - 9:05pm

AEBITDA loss is not intended to replace operating loss, net loss, cash flow or other measures of financial performance reported in accordance with generally accepted accounting principles (GAAP).

Key Points: 
  • AEBITDA loss is not intended to replace operating loss, net loss, cash flow or other measures of financial performance reported in accordance with generally accepted accounting principles (GAAP).
  • Oblong supplies Mezzanine systems to Fortune 500 enterprise customers and is a Cisco Solutions Plus integration partner.
  • Any of these factors could cause Oblong\xe2\x80\x99s actual results and plans to differ materially from those in the forward-looking statements.
  • Therefore, the Company can give no assurance that its future results will be as estimated.

Global Video Streaming Software Market (2021 to 2026) - Featuring Amazon, Kollective Technology and IBM Among Others - ResearchAndMarkets.com

Thursday, May 13, 2021 - 5:08pm

With the rise in the availability of high-speed internet, consumers now prefer to watch the content that they want to watch at the moment.

Key Points: 
  • With the rise in the availability of high-speed internet, consumers now prefer to watch the content that they want to watch at the moment.
  • There on-demand video streaming has increased over the years and the OTT platforms like Netflix, Amazon Prime, and others have become hugely popular in recent years, which has impacted the video streaming software market positively and contributed to its growth.
  • Also, the Covid-19 pandemic has played a huge role in shifting the consumers towards watching online video streaming and created a long-lasting impact on the preferences of people, which is further expected to boost the video streaming software market in the coming five years.\nThe recent outbreak of the novel coronavirus has impacted the video streaming software market to a large extent.
  • The lockdown period has made the population habitual of consuming more online media, which has led to a permanent shift in the preferences of people and the market for video streaming software is still growing.

3Play Media Adds David Mendels and Frances West to Board of Directors

Thursday, May 13, 2021 - 3:15pm

b'3Play Media, the leading video accessibility provider, announced today the addition of two new members to its Board of Directors.

Key Points: 
  • b'3Play Media, the leading video accessibility provider, announced today the addition of two new members to its Board of Directors.
  • David Mendels, former CEO and President of Brightcove, and Frances West, former Chief Accessibility Officer at IBM, bring critically relevant experience that will help guide 3Play Media through its next stage of growth.\n\xe2\x80\x9cWe are thrilled to welcome Frances and David to the board,\xe2\x80\x9d Josh Miller, Co-CEO and Co-Founder, 3Play Media, said.
  • 3Play Media combines machine learning (ML) and automatic speech recognition (ASR) with human review to provide innovative, highly accurate services.
  • Customers span multiple industries, including media & entertainment, corporate, ecommerce, fitness, higher education, government, and elearning.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005031/en/\n'

Global SVOD Forecasts Report 2021: 700 Million SVOD Subscribers Forecast by 2026, Up by 35% from 518 Million in 2020 - ResearchAndMarkets.com

Thursday, May 13, 2021 - 2:35pm

b'The "Global SVOD Forecasts 2021" report has been added to ResearchAndMarkets.com\'s offering.\nSVOD subscriptions for 138 countries will increase by 591 million between 2020 and 2026 to reach 1,495 million - or up by 65%.

Key Points: 
  • b'The "Global SVOD Forecasts 2021" report has been added to ResearchAndMarkets.com\'s offering.\nSVOD subscriptions for 138 countries will increase by 591 million between 2020 and 2026 to reach 1,495 million - or up by 65%.
  • The total will cross the 1 billion mark in 2021.\nGross subscriptions growth is faster than for SVOD subscribers [an SVOD subscriber pays for at least one SVOD subscription].
  • This means that the average SVOD subscriber will pay for 2.14 SVOD subscriptions by 2026 - up from 1.74 in 2020.\nPrincipal Analyst at Digital TV Research, said: "There will be 700 million SVOD subscribers by 2026; up by 35% from 518 million at end-2020.
  • China and the US will together account for 48% of the global total by 2026; down from 59% in 2020.

Taoglas Continues to Trailblaze in mmWave Technology Introducing a New, Innovative Range of High-frequency mmWave Cable Assemblies, Connectors and Adaptors

Thursday, May 13, 2021 - 3:00pm

\xe2\x80\x9cThe 5G NR mmWave market is a crucial part of building out 5G networks globally.

Key Points: 
  • \xe2\x80\x9cThe 5G NR mmWave market is a crucial part of building out 5G networks globally.
  • In answer to this, Taoglas is proud to introduce its competitively priced, MCA series of high-quality cable assemblies.
  • These connectors and adaptors support DC of up to 40GHz frequencies, while exhibiting low VSWR and low RF leakage.
  • Taoglas has proven expertise globally across the transportation, connected healthcare, smart cities and smart building industries.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210513005531/en/\n'

Spatial Makes 3D Collaborative Computing Accessible Via The Browser

Thursday, May 13, 2021 - 2:00pm

The NFT (non-fungible tokens) community has jumped on this opportunity as artists are pulling in and displaying their 2D and 3D digital artwork in virtual galleries within Spatial.

Key Points: 
  • The NFT (non-fungible tokens) community has jumped on this opportunity as artists are pulling in and displaying their 2D and 3D digital artwork in virtual galleries within Spatial.
  • With this new update, anyone across the web can instantly interact in virtual collaborative work rooms or explore these stunning exhibitions in 3D, with just one click - no installations required.\nThis press release features multimedia.
  • We wanted to really invest in that and bring the full potential of Spatial to everyone, on any platform they choose,\xe2\x80\x9c said Anand Agarawala, CEO and Co-founder of Spatial.
  • Spatial is headquartered in New York City, with offices in San Francisco and Kansas City.

The Roku Channel Debuts 30 “Roku Originals” on Streaming Day

Thursday, May 13, 2021 - 2:00pm

b'In addition to the 30 Roku Originals announced for the May 20 lineup, more Roku Originals will debut on The Roku Channel later this year.

Key Points: 
  • b'In addition to the 30 Roku Originals announced for the May 20 lineup, more Roku Originals will debut on The Roku Channel later this year.
  • \xe2\x80\x9cAs The Roku Channel grows, we will continue to be even more creative and expansive in sourcing great content that will perform well in a free, advertising-supported model, while delivering an array of incredible, quality entertainment for our users to enjoy,\xe2\x80\x9d concluded Roku\xe2\x80\x99s Patel.\nIn celebration of Streaming Day, which commemorates the launch of the very first Roku streaming player in 2008, Roku has also announced a series of promotional offers for customers in the U.S., Canada and the U.K.\nIn the U.S. get $10 off the Roku Streaming Stick+, $30 off both the Roku Streambar and the Roku Ultra, and $5 off the Roku Express (May 16-29, 2021).\nCanadian customers can get $5 off Roku Express, $10 off Roku Streaming Stick+ and $30 off the Roku Streambar (May 19-28, 2021).\nStreamers in the U.K. can get \xc2\xa35 off Roku Express, \xc2\xa310 off Roku Streaming Stick+ through May 25, 2021.
  • Roku streaming players and TV-related audio devices are available in the U.S. and in select countries through direct retail sales and licensing arrangements with service operators.
  • These statements include but are not limited to the content, benefits, features, timing and availability of Roku Originals on The Roku Channel; the benefits, features, and availability of the Roku streaming player lineup and related Streaming Day deals; trends related to TV streaming; and the features, benefits, growth and reach of The Roku Channel and the Roku platform.