TiVo quarterly losses narrow as company reports revenue drop

The company's CEO, Tom Rogers, did indicate that the company would experience a profitable year ahead. Rogers also cautioned about future guidance, indicating a lot of cloudiness on the horizon this year, even as it sees profitability returning in future quarters. With TiVo's $200 million cash/cash equivalents hoard, the company's cautious outlook hopefully will be quashed when sales of HDTVs return to retail and all those new TiVo HD recorders fly off the shelves along with them.

TiVo's newer products software that allow in-couch pizza ordering and DVD rentals and the company has been very innovative with its partnerships to keep customers hooked on the ultimate convenience: ordering food, movies and more while vegging in front of the television. With a Q4 loss of $3.6 million and revenue just shy of $60 million, but with expenses dropping 28% and gross margins rising, TiVo is hurting but not nearly as bad as other companies in the current recession. For any company to predict profitable quarters ahead -- especially one in consumer electronics -- is amazing.