“…The Santa Clara, Calif.-based company announced a net loss of $23.5 million, or 24 cents a share, on revenue of $61.7 million for the second quarter, which ended June 30. In the same period a year ago, Sonicblue reported a net loss of $312.5 million, or a loss of $3.88 a share. The company’s revenue was up about 80 percent from the same period a year ago, when it reported $29.5 million in revenue.
“Excluding charges, Sonicblue had a loss of $5.1 million, or 5 cents a share. Analysts were expecting a pro forma loss of 5 cents a share, according to a survey of analysts from First Call. Charges included costs from restructuring and impairment charges, and amortization of goodwill, among others. Sonicblue Chairman Ken Potashner attributed the company’s revenue jump to strong growth in all its product lines…”
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