Roxio will report financial results for its fiscal second quarter at 4.30pm EDT (9.30pm BST) today.
Company President and CEO Chris Gorog and CFO Elliot Carpenter will host a conference call for analysts and investors. Roxio will also offer a live Webcast of the conference call.
At the end of its first quarter (June 30), Roxio’s quarterly revenue was down 25 per cent sequentially to $24.2 million, as royalty payments from PC manufacturers that include Roxio’s CD-burning software with their machines fell. However, analyst excitement about Roxio's re-launch of Napster, expected at the end of this month, has boosted Roxio's stock up 105 per cent this year.
But according to B Riley analyst Justin Cable: "Roxio has little hope in transforming the service into a major cash generator. I doubt Roxio has the staying power to see the new Napster through to maturity – there are slim margins in the music-sales business and competitive pressure on pricing in a field where new pay-to-play services are announced seemingly monthly."
Another highlight of the last quarter was the announcement of plans to hook up with Samsung Electronics on a new portable digital music player to compliment the Napster music service. Roxio shares surged 25 per cent on the day following the announcement.