Subscribe to Multichannel News
RSS
Reprints/License
Print
Email

Pace Micro Set-Top Sales Soar in North America

1.2M Set-Tops Shipped in Region in Fiscal-Year 2007 vs. 200K in Prior Year

By Todd Spangler -- Multichannel News, 7/25/2007 12:33:00 PM

Digital set-top maker Pace Micro Technology saw annual revenues for North America increase more than tenfold, to about $442 million, for the year ended June 2 compared with the prior fiscal year.

The British company shipped 1.2 million set-tops in the Americas in fiscal 2007, versus 200,000 the year prior. Revenue for North America was £223.2 million ($442 million) for the year, compared with £18.8 million ($35 million) for the year ended June 3, 2006 (U.S. dollars calculated using period-end exchange rates).

Worldwide, the British company shipped 3.9 million set-tops for the most recent fiscal year, up 77% compared with 2.2 million the previous 12-month period. Pace, which is traded on the London stock exchange, reported its annual financial results Tuesday.

Pace said more than one-half of its revenues currently come from the North American market. The company has more than 30 cable-operator customers in the region, including Comcast, Time Warner Cable, Bright House Networks and Bresnan Communications.

For Comcast, Pace is delivering the standard-definition digital-video recorder, and the set-top maker said it has “committed orders in place” from the operator for the rest of 2007. DirecTV is also a customer, using Pace’s MPEG-4 high-definition DVR.

Overall, Pace’s revenues more than doubled to £386.5 million ($765 million) from £178.1 million ($333 million) in fiscal-year 2006. It posted a profit before tax and other charges of £6.1 million ($12 million) compared with a loss of £15.6 million ($29 million) for fiscal 2006.

RSS
Reprints/License
Print
Email
Talkback
Related Content
More >>>

Newbay Business Information Resource Center

Featured Company


Most Recent Resources

Advertisement
More Content
  • Voices
  • Photos
  • Podcasts

Sorry, no blogs are active for this topic.

Satellite Entourage

FREEZE FRAME

Parties, conferences and events for the week of Feb. 8.
DESIGN BY NIGHT

FREEZE FRAME

Parties, conferences and events for the week of Feb. 1.
KEYSTONE HUNT

FREEZE FRAME

Parties, conferences and events for the week of Dec. 14.

Advertisement


About Us   |   Advertising Info   |   Site Map   |   Contact Us   |   Subscription   |   Affiliate Links   |   RSS
© 2010 NewBay Media, LLC. 810 Seventh Avenue, 27th Floor, New York, NY 10019 T (212) 378-0400 F (212) 378-0470
Use of this website is subject to its Terms of Use | Privacy Policy