RGB climbs past $200M revenue plateau
After taking three years to make its first $100 million, RGB Networks said it earned its second $100 million in just two years.
Demonstrating accelerating revenue will no doubt be helpful as the company positions itself for an initial public offering (IPO).
"Achieving $200 million in lifetime shipments is another significant milestone for RGB, and our accelerated pace of growth clearly shows that we have the right TV Everywhere solutions at the right time as service providers around the world are striving to deliver live and on-demand programming to TVs, tablets, PCs and mobile devices," said Jef Graham, CEO of RGB Networks.
"We have now achieved the size, revenues, profitability and broad customer base that position RGB for a successful public offering," Graham added.
The company claims more than 30 major service providers across the globe are either customers or are in trials of its VMG system, designed to support TV Everywhere services. Among those in trials, the company said, are several international mobile providers.