IATV-ACTV Digital Convergence Software-HyperTV Message Board

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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: mike.com who wrote (12533)	4/26/2001 4:52:55 PM
From: mike.com	Read Replies (1) of 13157

OpenTV's quarterly report: Thursday April 26, 4:34 pm Eastern Time OpenTV 1st Qtr pro forma loss flat as sales double MOUNTAIN VIEW, Calif., April 26 (Reuters) - OpenTV Corp. (NasdaqNM:OPTV - news), a software maker for interactive television series , on Thursday reported a first quarter pro forma loss of 5 cents a share, equaling pro forma earnings last year on double the revenue. In a statement, OpenTV said its pro-forma net loss, excluding a one-time marketing cost of $8.4 million, was $3.6 million compared with a pro-forma net loss of $2.4 million, or 5 cents a share, in the same quarter last year. Including the marketing cost, OpenTV's pro-forma net loss for the quarter ended March 31 was $12.0 million, or 18 cents a share. Quarterly revenues jumped to $22.4 million in from $10.9 million last year. Financial analysts polled by investment research firm Thomson Financial/First Call had expected the company to generate a loss of 8 cents a share for the quarter. OpenTV shares ended trading on the Nasdaq exchange up 15 cents at $9.15. The news came after the market closed.

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