Espial Q3 revenues fall $700,000 on weakened Euro market

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....