OpenTV Reports Higher Q3 Revenues and Income, Signs New Deals with Bresnan, LatAm Operator
Submitted by tracyswedlow on November 4, 2009 - 1:49am
in Advertising Financials middleware
--Kudelski Extends Expiration Date of its Tender Offer for OpenTV Class A Shares



Interactive TV and advanced advertising technology provider, OpenTV, has released its third-quarter financial results:

Revenues totaled $31.8 million, compared to $26.9 million for the year-ago quarter (representing an increase of 18%). Royalties and licenses revenues, at $20.7 million, were up 25.5% from the year-ago quarter; and services and other revenues, at $11.1 million, were up 7%.
Revenues from the company's Middleware Solutions segment totaled $28.9 million, compared to $23.9 million for the year-ago quarter; and revenues from its Advertising Solutions segment totaled $2.9 million, compared to $3 million for the year-ago quarter.
Contribution margin for the Middleware Solutions segment was $11.6 million, compared to $9.3 million for the year-ago quarter; and contribution margin for the Advertising Solutions segment was $0.2 million, compared to a loss of $0.1 million for the year-ago quarter.
Adjusted EBITDA, before unusual items, totaled $4.4 million, compared to $3.7 million for the year-ago quarter.
Net income totaled $2.6 million, or $0.02 per share, compared to $1 million, or $0.01 per share, for the year-ago quarter.