Technology

Sky Deal Propels OpenTV

8/09/2004 3:45 PM Eastern

OpenTV Corp. recognized $5 million in royalties in the second quarter of 2004 from a deal with Sky Italia, which helped to boost company revenue and narrow its net loss.

The interactive middleware provider saw revenue jump 21%, from $15.7 million to $19.1 million in the second quarter of 2004. The company’s net loss dropped to $2 million in the quarter, compared to $9.2 million in the year earlier period.
The company also re-estimated its net loss related to its In Demand/National Association for Stock Car Auto Racing (NASCAR) interactive application, which placed $4.6 million back onto the balance sheet, and helped the company’s finances.

Want to read more stories like this?
Get our Free Newsletter Here!
August

Cloud Summit

Raleigh Marriott City Center, Raleigh, NC

October