| To: Cooters who wrote (253) | 2/1/2021 12:59:37 PM | | From: Cooters | | | | For the stock to move materially higher from here, we think an expedited timeline around a recovery in Dolby Cinemas and higher adoption of other technologies (Atmos and Vision) would need to emerge in the second half of FY 2021.
Couldn't agree more, and since I expect those things to happen, I expect it to go materially higher when they do. Coot |
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| To: Cooters who wrote (254) | 2/1/2021 2:33:52 PM | | From: A.J. Mullen | | | | Cinemas are mostly closed. A fear is that when they reopen, people's habits will have adjusted, they might feel content to watch at home. A hope is that Cinemas would entice them back with a better experience.
I imagine installation takes a theater out of commission and is time-consuming. Now would be a good time to do it if the money is available, a big if. Was there any mention in the conference call of chains investing at this time? |
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| To: Cooters who wrote (256) | 2/1/2021 3:47:15 PM | | From: A.J. Mullen | | | | Thanks. I believe theaters in Taiwan and China are open for the most part. It would be good to hear of new installations in Europe and the US. I couldn't find a breakdown of earnings by region.
Ashley |
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| From: Cooters | 3/4/2021 5:33:00 PM | | | | | | Really good Q&A format presentation at MS this afternoon. Lewis did a great job explaining some of the new products, particularly dolby.io. Only 30 minutes, highly suggest listening. Notes up tomorrow, time for a drink.
Cooters |
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| To: Cooters who wrote (259) | 3/10/2021 12:09:30 PM | | From: Cooters | | | | Dolby at MS - 3/4/21
Q&A format with Lewis Chew, CFO
- interesting tidbit, Lewis has not been physically in the office since 3/6/20.
- Data from their recent reporting period in China, which included the Lunar NY(2/12). showed strong cinema activity.
- Dolby believes the premium theater experience will not only survive but thrive. They think the mall cineplex area may not fare so well.
- discussed the adoption of Dolby tech in the content creation market for music, said 3 years ago they had literally zero business in this area.
- Lenovo introduced a PC with Dolby Voice. they think Voice will have a strong, long lived ramp. I've seen many articles highlighting the need for better audio and video on PC's as it relates to remote work and conferencing.
- Nice description of dolby.io developer's platform. After a trial period, customers start paying for using the API's.
- Dolby Cinema was the first time they started receiving a share of each movie ticket.
- At some point they will begin sharing dolby.io metrics like downloads and customers, it will likely be before they start sharing revenue info.
- The analyst community currently forecasts 10-11% revenue growth in 2022, a return to double digits. They asked Lewis if that were to come to fruition, what things would likely drive it. He cited TV's, gaming, some early automotive revenue, and a cinema recovery. Thought dolby.io was a wild card that could really take off. And also mobile.
Cooters |
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| From: Cooters | 5/4/2021 4:26:19 PM | | | | | | Dolby Laboratories Reports Second Quarter Fiscal 2021 Financial Results
DLB 103.53 0.12 0.12% : Dolby Laboratories, Inc. - Yahoo Finance
SAN FRANCISCO, May 04, 2021 (GLOBE NEWSWIRE) -- Dolby Laboratories, Inc. (NYSE: DLB) today announced the company's financial results for the second quarter of fiscal 2021. For the second quarter, Dolby reported total revenue of $319.6 million, compared to $351.8 million for the second quarter of fiscal 2020.
"We continue to see growing momentum in the number of Dolby experiences being enabled by our partners across a broad range of content," said Kevin Yeaman, President and CEO, Dolby Laboratories. "We have expanded our reach within music and gaming, and Dolby.io is opening the door to bring Dolby to more content experiences."
Second quarter GAAP net income was $76.2 million, or $0.73 per diluted share, compared to GAAP net income of $88.5 million, or $0.86 per diluted share, for the second quarter of fiscal 2020. On a non-GAAP basis, second quarter net income was $94.8 million, or $0.91 per diluted share, compared to $106.6 million, or $1.04 per diluted share for the second quarter of fiscal 2020. Second quarter cash flows from operations was $83.5 million, compared to $65.7 million for the second quarter of fiscal 2020. A complete listing of Dolby's non-GAAP measures are described and reconciled to the corresponding GAAP measures at the end of this release.
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Third Quarter Fiscal 2021
Dolby is providing the following estimates for its third quarter of fiscal 2021:
Total revenue is estimated to range from $260 million to $290 million
Gross margin percentages are anticipated to range from 88% to 89% on a GAAP basis and from 89% to 90% on a non-GAAP basis
Operating expenses are anticipated to range from $210 million to $220 million on a GAAP basis and from $185 million to $195 million on a non-GAAP basis
Effective tax rate is anticipated to range from 20% to 21% on both a GAAP and non-GAAP basis
Diluted earnings per share is anticipated to range from $0.15 to $0.30 on a GAAP basis and from $0.37 to $0.52 on a non-GAAP basis
Second Half of Fiscal 2021
Dolby is also providing the following estimate for its second half of fiscal 2021:
Total revenue is estimated to range from $560 million to $600 million
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