Losses, revenue cut

Espial records revenue of $1.3 million in Q1, a steep drop from $2.2 million a year ago, as software licence and royalty revenue falls by 61.2% to $519,649. Espial.JPGHowever, the Internet TV products maker also narrows losses to $1.8 million from $1.9 million by reigning in operating and sales costs to hedge against slower-than-anticipated growth in the IPTV industry. “Revenue and consistency of revenue is still a difficult measure for the near-term success of our business,” says CEO Jaison Dolvane. “The integration, deployment and subscriber ramp for IPTV has proven more difficult than initially expected, and as such is taking longer than previous forecasts.”

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