OpenTV Posts Higher Revenues, Breaks Even
Interactive TV middleware and advanced advertising technology provider, OpenTV, has released its second-quarter financial results:
- Combined revenues totaled $26.8 million, compared to $23 million for the year-ago quarter. Royalties and licenses revenues increased 29% to $18.2 million; while services and other revenues declined 3% to $8.6 million.
- Revenues from the company's Middleware Solutions segment totaled $23.5 million, compared to $20.2 million for the year-ago quarter. The segment's contribution margin was $8 million, compared to $4.5 million for the year-ago quarter.
- Revenues from the company's Advertising Solutions segment totaled $3.3 million, compared to $2.8 million for the year-ago quarter. The segment's contribution margin was $0.2 million, compared to a loss of $0.3 million for the year-ago quarter.
- Adjusted EBITDA (before unusual items) was $2.5 million, compared to a loss of $1 million for the year-ago quarter.
- Net income was breakeven, compared to a loss of $4.8 million, or $0.04 per share, for the year-ago quarter.
- At the end of the quarter, the company had a balance of $31 million in deferred revenue, compared to $24.1 million at the end of 2007.
- At the end of the quarter, the company's cash, cash-equivalents and short- and long-term marketable debt securities totaled $100.4 million, compared to $81.8 million at the end of 2007.
"Our financial results for the second quarter and first half of 2008 demonstrate the successful execution of our plan to grow our core business while improving costs and profitability," OpenTV CEO, Ben Bennett, said in a prepared statement. "We have continued to grow our global middleware market share as we work to deepen relationships with existing customers as well as acquire new customers and enter new markets, including a recent significant customer win in Japan. On the advanced advertising side, our EclipsePlus product is beginning to be deployed by leading operators. Overall, we are on track with our plans for the year."
Similar entries
- OpenTV Reports Lower Q1 Revenues, Profits
- TiVo Reports Lower Revenues, More Subscriber Losses
- Concurrent Reports Lower Fiscal Q4 Revenues, Swings to a Profit
- OpenTV Reports Higher Revenues, Swings to a Profit
- Concurrent Reports Lower Revenues, Higher Losses for Fiscal Q4
- Concurrent Reports Lower Revenues and Profits, but Beats Wall Street Expectations
- Tandberg Television Reports Higher Revenues and Profits
- Motorola's Set-Top Unit Reports Increased Sales, Earnings
- VOD Technology Provider, Concurrent, Reports Large Losses
- SeaChange Posts Higher Revenues, Swings to a Profit
- LodgeNet Reports Higher Revenues, Lower Losses
- Gemstar-TV Guide Cable and Satellite Segment Posts Strong Results
Become an [itvt] User!
We encourage our readers to become [itvt] registered users and participate in building the site and it's community.
Anyone can become a registered user, create their own professional profile, publish their own thoughts or links in the [itvt] Community Blogstream, comment on existing blogs and news items, and add [i]Database company profiles.
If you are not yet a member sign up today.
