OpenTV Reports Fourth Quarter and Full Year 2007 Results
Thursday, February 21st, 2008SAN FRANCISCO, Calif. — OpenTV (NASDAQ GM: OPTV), a leading provider of solutions for the delivery of advanced digital television and advanced advertising solutions, today announced financial results for its fourth quarter and year ended December 31, 2007.
Revenues
“¢ For the full year 2007, Middleware Solutions revenues increased by 24% to $97.6 million. In the fourth quarter of 2007, Middleware Solutions revenues were $35.0 million compared to $21.3 million for the same period in the prior year.
“¢ For the full year 2007, revenues from the Advertising product line increased 17% to $11.5 million. Revenues for the overall Advertising Solutions segment, however, were down $4 million to $12.3 million, primarily reflecting the discontinuation of the NASCAR and betting and gaming product lines in December 2006. In the fourth quarter of 2007, revenues from the Advertising Solutions segment were $3.2 million compared to $3.8 million for the same period in the prior year.
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