OpenTV Corp. continued to show improvement in the second quarter.
The interactive-TV company posted revenues of $20.9 million, up 9% from $19.1 million in the year-earlier period. OpenTV’s net loss for the quarter was $4 million, or $0.03 per share, versus $2 million ($0.02) in the second quarter of 2004, but the prior-year quarter included a $4.6 million gain from a contract settlement. Adjusted EBITDA (earnings before interest, taxes, debt and amortization) before unusual items was a loss of $100,000 compared with a loss of $4.1 million in the year-ago quarter.
“Royalty revenues continued to show strong growth, as our customers extended their digital rollouts, and our adjusted EBITDA results continued to improve,” chairman and CEO James A. Chiddix said in a prepared statement.
“Strong partnerships with BSkyB [British Sky Broadcasting Group plc], FOXTEL, Sky Italia and EchoStar [Communications Corp.] fueled much of that growth, and we expect our relationship with Liberty Global [Inc., formerly UnitedGlobalCom Inc.], as it accelerates its digital deployments and extends its global footprint, to provide us with ongoing opportunities to further advance our business in various sectors,” he added.