Earnings: JumpTV Revs Soar On Acquisition; Losses Grow
This story was written by Joseph Weisenthal.
Toronto-based IPTV/TV rebroadcaster JumpTV has reported Q4 revenue of $4.8 million, a major increase from the $748,000 it did in the year-ago period. The company's $60 million acquisition of the broadband network business division of XOS Technologies contributed significantly to the rise in revenue. Net losses in the quarter expanded to $10.5 million ($.21 per share) from $8.7 million ($.25 per share). The company ended the year with 92,000 total subscribers, up from 28,100 at the end of 2006. Of its current subscriber base, 57,000 subscribe to JumpTV (TSE: JTV) sports, with the rest subscribing for international programming. Release.
By Joseph Weisenthal