OpenTV’s sales up in its last independent quarter

Brian Santo

OpenTV’s 2009 revenue was up 3 percent from its sales in 2008, to $120 million, but income was down to $6.2 million, compared with $9.6 million in 2008.

By segment, revenue in the company’s middleware solutions unit increased by 5.7 percent to $109.1 million, while sales in the advertising solutions segment decreased 18 percent to $10.9 million.

The company is in the process of being acquired by the Kudelski Group. It said it is redeeming all of its outstanding Class A ordinary shares (other than any such shares held by its controlling shareholder, Kudelski SA, and two of its subsidiaries), a process it aims to complete by the end of today.

OpenTV intends to subsequently effect a voluntary delisting of its Class A ordinary shares from the Nasdaq board upon completion of the redemption.

Perhaps given that, the company provided no commentary with the publication of its results and skipped the common practice of supplying executive quotes. OpenTV also elected this quarter to not hold a conference call with analysts and reporters (on the other hand, its Q3 call was lightly attended).

More Broadband Direct 2/26/10:

• Mediacom to launch multi-room DVR service, D3 to 50% of footprint [1]

• Showtime to run EBIF app on FiOS TV [2]

• Oklahoma tourism network built by Cox Business [3]

• Arris tests ad splicer with ad platforms [4]

• Cablevision's Rutledge: From Wi-Fi to cellular and back [5]

• SureWest sees increase in Q4, full-year 2009 revenue [6]

• OpenTV's sales up in its last independent quarter [7]

• Report: LTE to dominate 4G - after 2015 [8]

• Samsung to have Skype available on some TVs [9]

• Sprint ads tout 4G speeds [10]

• Broadband Briefs for 02/26/10 [11]