OTTAWA – On-demand TV software and services provider Espial Group reports third quarter revenues fell by $700,000 to $3.1 million compared to the year before and an EBITDA loss of $200,000. Net loss for the quarter was $800,000, compared with a net loss of $300,000 last year.
"In the third quarter, we continued to build on our leadership in delivering products to drive HTML5 and rich user experiences across set-top boxes, Smart TVs, PCs, Smart Phones and Tablets. The competitive environment between new Over-The-Top video service providers like Netflix and the incumbent cable, satellite and telecom providers continues to accelerate. This creates long term opportunities for Espial's products and services," said Jaison Dolvane, President and CEO.
"In Q3, we experienced a slower pace of roll-outs from our existing Pay-TV customers and believe the current economic challenges facing Europe accounted for much of this. Our pipeline of cable and telecom operators remains strong in North America, Europe and Asia and we remain focused on leveraging this into 2013.”
Highlights:
- Toshiba selected Espial's TV Browser for North American Smart TV models
- Panasonic Semiconductor signed an agreement with Espial to offer an integrated solution to TV Manufacturers including Espial Browser
- NTT Communications – Japan's largest service provider – selected Espial TV Browser to power their Plala TV Services on Mitsubishi set-top boxes
- KBRO, Taiwan's major cable operator, selected Espial MediaBase as its multiscreen content delivery platform as announced in October
- Espial hosted a Smart TV industry event in Tokyo focusing on HTML5 for 50+ consumer electronic executives.
