fourth quarter of 2005. US GAAP net income was $16.6 million compared to $4.
5 million for the fourth quarter of 2005. Diluted GAAP earnings per share for the quarter were $0.31, compared to $0.
09 for the fourth Non-GAAP net income was $22.6 million, compared to $18.5 million in the fourth quarter of 2005.
Non-GAAP diluted earnings per share were $0.43, compared to $0.36 in the same quarter of 2005.
Fourth quarter revenue, record numbers for any quarter. Non-GAAP net income excludes non-cash acquisitions, impairment on investments, equity-based compensation charges, in process research and development charges, and restructuring charges, as applicable. A reconciliation between net income on a GAAP fourth quarter of 2005.
The Company s liquid As we did throughout each quarter of 2006, we successfully executed Q4 and are pleased with the results. We delivered in 2007, said Fred Amoroso, President and CEO of Macrovision. In addition, we further implemented our strategy of helping to protect, enhance and distribute by acquiring Mediabolic, a leading provider of software solutions for connected consumer electronics devices such as televisions, set-top boxes and digital video recorders, which closed effective January 1, fourth quarter and in 2006.
Our outlook for 2007 is that our revenue non-GAAP earnings per share will range between $1.22 and $1.30, the first quarter of 2007, we expect revenue between $63 million and $66 $0.
20 and $0.24. Finally, we are pleased to announce that the US Attorney s review of our stock option practices.
With the Securities and Exchange action be taken, we believe our work on the matter with these agencies is now completed. operations. Non-GAAP net income and non-GAAP diluted earnings per share performance that are not required by, and are not presented in accordance with, GAAP.
The non-GAAP information does not substitute for any performance measure derived in accordance with GAAP. Macrovision revenue and the core costs of those business operations. Management does acquisitions, impairment on investments, and equity-based compensation non-GAAP financial measures, along with GAAP measures, in this earnings from the period expenses.
The income statement line items involved in (2) operating expenses, research and development; (3) operating expenses, selling and marketing; and (4) operating expenses, general and administrative. These items in turn affect (1) total cost of revenues; earnings per share. To determine its non-GAAP provision for income taxes, Macrovision recalculates tax based on non-GAAP income before For each such non-GAAP financial measure, the adjustment provides comparison of its financial results in different reporting periods.
For example, since Macrovision does not acquire businesses on a predictable cycle, management excludes amortization of intangibles from acquisitions reason. Management excludes the impact of equity-based compensation to item, which, because it is based upon estimates on the grant dates may exercise, expiration, termination or forfeiture of the stock-based compensation, and which, as it relates to stock options and stock purchase plan shares, is required for GAAP purposes to be estimated under valuation models, including the Black-Scholes model used by Macrovision. Management uses these measures to help it make budgeting operating margin (such as research and development, sales and marketing, cost of revenue and gross margin.
Further, the availability of non-GAAP to financial targets. Making this non-GAAP financial information available to investors, in addition to the GAAP information, also helps with the performance of other companies in our industry, which use limitations, including the fact that management must exercise judgment companies similar to Macrovision, may calculate their non-GAAP earnings differently than Macrovision, non-GAAP measures may have limited usefulness in comparing companies. Management believes, however, that providing this non-GAAP financial information, in addition to the GAAP information, facilitates consistent comparison of Macrovision s financial performance over time.
Macrovision has provided non-GAAP results to the investment community, not as an alternative but as an important supplement to GAAP information, to enable investors to performance in the same way that management does. The tables below Macrovision provides distribution, commerce and consumption solutions for software, entertainment and information content to the home video, and information publishing industries. Macrovision holds a total of more than 250 issued or pending United States patents and more than 1,200 issued or pending international patents, and continues to increase its patent portfolio with new and innovative technologies in related fields.
Macrovision is headquartered in Santa Clara, California, U.S.A.
with other offices across the United States and around the world. More Macrovision 2007. Macrovision is a registered trademark of Macrovision Corporation.
All other brands and All statements contained herein, including the quotations attributed to Mr. Amoroso and Mr. Budge, as well as oral statements that may be made by the Company or by officers, directors or employees of the Company acting on the Company s behalf, that are not statements of historical fact, including statements that use the words will, future plans, objectives, or goals, are forward-looking of 1995.
These forward-looking statements include, but are not limited to, the Company s forecast of future revenues Such forward-looking statements involve known and unknown risks, forward-looking statements. Among the important factors that could cause for home video, consumer or enterprise software value management, or contained in such products, to continue, develop or expand, and the or sustain market acceptance or to meet, or continue to meet, the changing demands of content or software providers. Other factors include period ended September 30, 2006, as amended, and such other documents as statement.
The Company operates in a continually changing business environment and new factors emerge from time to time. The Company cannot predict such factors, nor can it assess the impact, if any, of such factors on the Company or its results. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results.
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