Wednesday, August 7, 2013

Reuters: Technology News: RealD reports quarterly loss; revenue falls

Reuters: Technology News
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RealD reports quarterly loss; revenue falls
Aug 7th 2013, 20:15

Wed Aug 7, 2013 4:15pm EDT

(Reuters) - 3D technology licensor RealD Inc (RLD.N) reported a 13 percent fall in revenue as fewer people chose to watch movies in 3D, leading to a drop in demand for its products.

The company posted a net loss of $1.5 million, or 3 cents per share, compared with net income of $3 million, or 5 cents per share, a year earlier.

Revenue fell to $59.2 million.

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