BVI-based telecommunications corporation OpenTV published report on its financial condition and results of operations for the year ended December 31, 2007. The report was released on March 11, 2008.
For this year period, OpenTV Corp. reported revenues in the amount of $110.0 million; that is a 16% increase of $14.8 million, compared to $95.2 million revenues in 2006. In its turn, revenues for the year 2006 made a 22% increase, or $17.0 million, from $78.2 million for the year ended December 31, 2005.
Royalties and licenses revenues of the BVI company by the end of 2007 made $73.7 million – that is $7.8 million, or 12% increase from the previous year. Of this $73.7 million, $42.4 million accounted for Europe, Middle East and Africa – an increase of $10.1 million, or 31%, compared to the year 2006.
Services revenues increased 24%, from $29.3 million in 2006 to $36.3 million in 2007.