Technology

OpenTV Lowers 1Q Losses

5/10/2004 10:39 AM Eastern

OpenTV Corp. said Monday that it lowered its net loss for the first quarter of 2004 by 56% to $8.9 million, or $0.07 per share, from $20.1 million ($0.28) in the previous-year quarter.

Revenue at the interactive-TV company rose 14% to $17.4 million from $15.3 million in the first quarter of 2003.

“We are very pleased with our continued revenue growth during the quarter and ongoing successes in managing our expenses," CEO James Ackerman said in a prepared statement. "We remain committed to enhancing our technology platform and to augmenting our portfolio of interactive content and applications.”

November