RealNetworks, the parent company of facial recognition specialist SAFR, will issue its results for the quarter ended September 30 on Tuesday, November 3, after market close, the company has announced.
The timing is likely to raise some eyebrows. November 3 is the scheduled date for the 2020 Presidential election, and many people in the US and around the world will be glued to their screens as their poll numbers start to come in.
The Q3 update should also be interesting for another reason: RealNetworks sold off one of its biggest assets, the music streaming service Napster, in late August. The deal was valued at about $70 million.
Presumably, that move has freed up some corporate bandwidth to allow RealNetworks to focus more on promoting its SAFR solution. Also to that end, the company announced that it had hired a new Vice President of Computer Vision just a few weeks ago.
That having been said, even before the Napster sale, SAFR had announced in early August that it won a pair of important new contracts with the United States Air Force, valued at $950,000 each. That could point to growing momentum in RealNetworks’ SAFR push.
More will become clear on November 3. In addition to publishing its Q3 results, RealNetworks plans to host a conference call that same day, scheduled to start at 4:30 p.m. ET. Investors will be able to access the call through dedicated numbers or on RealNetworks’ Investor Relations site – and a replay will be available until November 24, for those who are too distracted by that day’s election.
October 13, 2020 – by Alex Perala