TiVo loses $ 34.4 Mil in 4th quarter

TiVo has continued to lose money, but management boasted Tuesday that its revenue to service and technology is sequentially increased for the first time in six quarters.

The company that made DVR equipment standard household lost 34.4 million in fiscal fourth quarter ended January 31, from a loss of $ 9.9 million a year earlier.

Revenue sank 19% to EUR 55.8 million, but when sales of hardware--often subsidized-is stripped out, revenue was $ 41.4 million, a slight increase compared to the previous quarter but still down from a year ago.

TiVo has continued to bleed subscribers, ending the quarter with 2 million, down from 2.3 million in the prior quarter and $ 2.6 million a year ago.

Still, TiVo and bulls management-Wall Street-are confident that a possible victory against EchoStar/dish in a lawsuit for patent infringement that has dragged on for years will be the catalyst that TiVo should get to profitability.

TiVo is also suing AT&T and Verizon and fending off lawsuits from those two as well as EchoStar, Microsoft and Motorola.

"It goes without saying that there is no change in our vision of our intellectual property and the value it could yield for our shareholders," TiVo CEO Tom Rogers said Tuesday.

Rodgers was also urging television measurement business, who tries to earn money in a manner similar to Nielsen, TiVo does not mention that usually by name, but refers to as "industry".

"We've been evangelizing that there are better ways of measuring television audiences Watch the behavior, and believe that retailers have begun to listen," said Rogers.

TiVo shares fell by 4% to $ 9.82 Tuesday and were off another 2% after the closing bell when its quarterly results were released.