OpenTV Posts Q4

OpenTV reports fourth quarter and full-year 2007 results

February 21, 2008

1 Min Read

SAN FRANCISCO -- OpenTV (Nasdaq: OPTV - News), 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.

"2007 marked an important year for OpenTV as we refocused our business strategy on our core middleware and advanced advertising businesses and took steps to move the company closer to achieving sustainable profitability. We streamlined our business, disposing of unprofitable operations and consolidating business units to effect a more efficient and nimble operating structure," commented OpenTV's Chief Operating Officer and Acting Chief Executive Officer, Ben Bennett. "The deployment of more than 100 million OpenTV-enabled digital devices clearly demonstrates OpenTV's leadership position. As we move into 2008, we are committed to further growing our business by expanding our distribution channels, remaining focused on the provision of end-to-end turnkey solutions, and continuing to penetrate rapidly growing digital television markets worldwide. In addition, we look to broaden the range of capabilities and technologies supported by our middleware as well as our advanced advertising solutions, in order to continue capitalizing on the growing industry interest in these products."

OpenTV Corp. (Nasdaq: OPTV)

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