OpenTV announced a loss of $8.2 million in the third quarter after posting a loss of $1.8 million a year ago in the same quarter.
OpenTV, a provider of products for digital television and cross-platform interactive services, saw its sales drop from $25 million in last year’s third quarter to $23.7 million in the quarter that ended Sept. 30 for a decrease of 5 percent. Services and other revenues decreased 3 percent when compared to the same quarter last year.
OpenTV COO and acting CEO Ben Bennett said the company’s revenue “was soft in the third quarter,” but pointed to a deal this week with India-based Reliance Communications as a sign of progress. The San Francisco-based company also renewed license agreements with UPC and EchoStar.