OpenTV Slashes 3Q Net Loss


OpenTV Corp. said Wednesday that its net loss for the third quarter was $11.9 million (10 cents per share), versus $567.8 million ($7.88) in the same period last year.

The company’s net loss in 2002 included impairment charges of $539.3 million. There were no such charges in the third quarter of 2003..

Earnings before interest, taxation, debt and amortization improved to a loss of $5.8 million versus a loss of $17.1 million in the year-ago quarter.

OpenTV’s third-quarter-2003 revenues were up 27% to $17.1 million compared with $13.4 million in the third quarter of 2002.