Ottawa-based Espial is reporting higher losses and lower revenue during its second quarter of 2016 compared with the same period last year.
The digital TV software maker (TSX:ESP) reported revenue of $4,548,770 during the three-month period that ended June 30, down from $5,500,255 during the same period last year.
The company’s net loss during the quarter was $2,945,976, an increase from the net loss of $277,835 it reported in 2015.
(Sponsored)
How The Ottawa Hospital uses AI tools to boost health outcomes and streamline clinical efficiency
Dr. Douglas Manuel says it all began with the Ottawa Ankle Rules algorithm, a set of clinical guidelines developed in the early 1990s by The Ottawa Hospital’s Dr. Ian Stiell
Ottawa businesses critically important to ending youth homelessness across the city
Local businesses joining United Way East Ontario’s effort to prevent and end youth homelessness not only helps build a stronger, safer, and healthier community, but gives a boost to Ottawa’s
Espial reported a loss before interest, foreign exchange, taxes, stock compensation, depreciation and amortization for the quarter of fiscal 2016 of $2,092,712, compared with adjusted earnings of $370,506 at this time a year ago.
Despite the increase in losses, the company did highlight some successes during the quarter, including deals with Portuguese cable operator NOS and German cable operator Tele Columbus.
