Here’s a summary of TiVo’s latest financial numbers. More detailed information can be found here (TiVo press release).

Technology Update

• During the quarter ending July 31st, TiVo released the TiVo HD.
• Comcast services is progressing. Comcast has agreed to fund development work to bring TiVo to additional set top boxes including Scientific Atlantic boxes.
• Comcast has said that they, “we will commence the TiVo rollout process shortly, which will continue rolling out throughout the fall in Comcast’s New England Division including metro Boston, Southeast Massachusetts and New Hampshire”.
• During the quarter DIRECTV announced a deal with TiVo to develop a software upgrade to enhance the user experience for DIRECTV customers who have DIRECTV DVRs with TiVo service.

Financial Numbers

• Second quarter net loss of $17.7 million, which included a combined inventory write-down and inventory purchase commitment charge of $11.2 million, as compared to TiVo’s net loss guidance of $5 to $8 million that didn’t contemplate the inventory related write-down.
• Net loss per share was $0.18.
• Service and technology revenues increased 7% to $56.5 million ($52.8 million for the same period last year).
• Service revenues were $53.4 million (compared to the year ago quarter when service revenues were $49.4 million).
• Technology revenues were $3.1 million, which was lower than expected due to timing of development work related primarily to DIRECTV and international opportunities

Subscriptions

• TiVo-Owned subscription gross additions for the second quarter were 41,000, compared to 74,000 gross additions for the year-ago period
• Overall, TiVo-Owned subscriptions totaled 1.71 million, up 136,000 on an annual basis compared to the year ago-period
• Net decline in DIRECTV TiVo subscriptions during the period as DIRECTV is no longer deploying new TiVo boxes
• Cumulative total subscriptions as of July 31, 2007 were 4.2 million
• Monthly churn rate was 1.2% compared to 1.1% in the prior quarter

Obviously the financial numbers aren’t that positive. That being said, I still think TiVo’s future is looking bright. The Comcast and Cox partnerships should produce a lot of new TiVo subscribers. Once this occurs, TiVo will be able to straighten out its financial situation.