Espial Reports 2014 Second Quarter Results
Ottawa, Ontario - July 22, 2014 - Espial Group Inc. (Espial or the Company), (TSX:ESP), a leader in the delivery of on-demand TV software and services, today announced its second quarter financial results for the three and six month periods ended June 30, 2014.
Espial Reports 2014 Second Quarter Results
Ottawa, Ontario - July 22, 2014 Espial Group Inc. ( Espial or the Company ), (TSX:ESP), a leader in the delivery of on-demand TV software and services, today announced its second quarter financial results for the three and six month periods ended June 30, 2014.
Espial Q2 Highlights
Q2 revenue increased 107% to $4.7 million from $2.3 million last year.
Q2 EBITDA income increased to $0.6 million compared to a loss of $1.5 million last year.
For the six months ended June 30, 2014 revenue increased 101% to $9.7 million, from $4.8 million last year.
For the six months ended June 30, 2014, EBITDA income increased to $1.9 million compared to a loss of $3.9 million last year.
Announced a joint RDK solution with Samsung Electronics to provide a home entertainment HTML5 user experience, combining Samsung's IP set-top box and home media gateway with the Espial STB Client.
Selected by a global top 5 TV manufacturer to power its next generation smart TVs.
Completed a $10 million equity offering.
Q2 was another strong quarter for us and we are pleased with our growth. We believe our progress is a result of our commitment and focus to deliver world-class products based on open technologies. In Q2, we saw growing momentum for open platforms like ours that are based on RDK and HTML5 that allow TV service providers to rapidly introduce innovative services and rich user experiences. We recently announced a partnership with Samsung to provide a joint RDK and HTML5 solution on Samsung set-top-boxes , said Jaison Dolvane, CEO, Espial. Samsung is a major consumer TV brand and this partnership reinforces Espial's leadership as RDK continues to gain momentum. During the quarter, we also continued to make progress with major operators globally who are undertaking RDK evaluation projects with us. On the Smart TV front, we secured a top five TV manufacturer win and further expanded our footprint in an existing customer to increase use of Espial software across a broader range of TV models.
Financial Summary
For the three-month period ended June 30, 2014, the Company reported revenue of $4.7 million compared with revenue of $2.3 million for the three months ended June 30, 2013. Earnings before interest, foreign exchange, taxes, stock compensation, depreciation and amortization (EBITDA) for the second quarter of fiscal 2014 was income of $0.6 million compared to a loss of $1.5 million in the second quarter of fiscal 2013. Net income for the quarter was $0.1 million or $0.00 per share, compared with a net loss of $2.1 million last year, or $0.15 per share.
Q2 Financial Results
Revenue for the second quarter of fiscal 2014 was $4,712,514 compared with revenue of $2,279,506 in the same period a year ago. Second quarter software license revenue was $1,109,268 compared with software license revenue of $949,471 in the second quarter of fiscal 2013. Professional services revenue for the second quarters of 2014 and 2013 were $2,411,387 and $254,777 respectively. Maintenance and support revenue for the second quarter was $1,191,859 compared with $1,075,258 last year.
North American revenue was $2,371,417 in the second quarter of fiscal 2014 compared to $812,923 in 2013. Asia revenue was $1,113,030 in the second quarter of 2014 compared to $463,787 in 2013. European revenue was $1,228,067 in the second quarter of 2014 compared to $1,002,796 in 2013
Gross margin for the second quarter of fiscal 2014 was 72 percent compared with 78 percent in the second quarter of fiscal 2013.
Operating expenses for the second quarter of fiscal 2014 were $3,157,315 compared with $3,738,296 in the second quarter of fiscal 2013.
Earnings for the second quarter of fiscal 2014 before interest, foreign exchange, taxes, stock compensation, depreciation and amortization (EBITDA) was income of $601,952 compared to a loss of $1,480,644 in the second quarter of fiscal 2013.
Net income in the second quarter was $90,571 compared with a loss of $2,132,914 last year.
Cash and cash equivalents on June 30, 2014, was $14,427,985.
A complete set of financial statements and management's discussion and analysis for the period ended June 30, 2014 will be available at http://www.sedar.com.
Conference Call
The Company will be hosting a conference call to discuss the Q2 2014 financial results on July 22, 2014 at 10:00 a.m. Eastern Time (ET). The phone number to join the results discussion is:
Toll free line (Canada/US) - 1 888-390-0605
Toll line (international/local) 1 416-764-8609
The playback for the call will be available until 11:59pm ET on August 23, 2014, at the following numbers and passcode:
Toll line: 1 416-764-8677, Passcode: 151923
Toll-free line: 1-888-390-0541, Passcode: 151923
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
13/05/2026
New Adobe Premiere Color Grading Mode Accelerated on NVIDIA GPUs
Joel Pennington May 13, 2026
0 Comments
New NVIDIA RTX-accelerated features streamlin...
13/05/2026
Grass Valley announced that dB Broadcast has delivered new IP-based outside broadcast (OB) trucks for Cloudbass, featuring Grass Valley LDX 100 Series cameras a...
13/05/2026
Ikegami will exhibit the latest additions to its wide range of broadcast production cameras, control units, viewfinders and monitors on stand 5D3-1 at Broadcast...
13/05/2026
FISE, working with the founding members of the XR Sports Alliance (XRSA), Accedo, Qualcomm Technologies, Inc. and HBS, have collaborated to develop an immersive...
13/05/2026
Canon Unveils New EOS R6 V Full-Frame EOS Camera and RF20-50mm F4 L IS USM PZ Bu...
13/05/2026
Boston Conservatory at Berklee Honors Beth Morrison and Moses Pendleton at Comme...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
13/05/2026
Creative software developer Foundry today announced the latest developments on Nuke Stage. A purpose-built application for end-to-end virtual production and in-...
13/05/2026
A definitive portrait of one of Ireland's most influential musicians
New TV documentary airs Monday 18 May on RT One and RT Player at 9.35pm
Watch the...
13/05/2026
Agentic AI is changing the way users get work done. Following the success of OpenClaw, the community is embracing new open source agentic frameworks. The latest...
13/05/2026
Reinforcement-learning agents - AI systems that learn by trial and error - can c...
12/05/2026
Beyond the Hype: A Strategic Post-Hoc Analysis of NAB 2026 If NAB Show 2026 had an underlying theme, it was a quiet, industry-wide pivot from the high-energy sp...
12/05/2026
Guntermann and Drunck (G&D), a Panoptec Technologies Group company, and CT Square, led by Chandresh Shah, have announced a joint venture to distribute G&D and V...
12/05/2026
With 30 days until the start of the FIFA World Cup 2026, Telemundo, the exclusive Spanish-language home of the tournament in the United States, has announced th...
12/05/2026
The NHL has announced the return of Stanley Pup for its third consecutive year, a 90-minute special featuring adoptable rescue dogs competing on a miniature rin...
12/05/2026
NBCUniversal presented its 2026 Upfront to advertisers at Radio City Music Hall, detailing upcoming programming across NBC, Peacock, Bravo, and Versant properti...
12/05/2026
FOX Sports has announced funding for the Fandom and Social Connection Initiative at Harvard Kennedy School's Shorenstein Center on Media, Politics, and Publ...
12/05/2026
TNDV and Live Media, both divisions of Live Media Group, supported live broadcast coverage around NCAA Final Four weekend in Indianapolis, including the March M...
12/05/2026
The European Football Alliance (EFA) has announced a content distribution agreement with Fubo Sports Network, the free ad-supported streaming TV (FAST) channel ...
12/05/2026
For the first time, Spanish-speaking fans in the U.S. will have two separate tel...
12/05/2026
CP Communications led a comprehensive spectrum management initiative on behalf of Churchill Downs during Kentucky Derby week, coordinating RF assets across the ...
12/05/2026
LiveU has announced a strategic partnership with DRONERESPONDERS, a 501(c)3 non-...
12/05/2026
Open Broadcast Systems has announced that BMC TV, a specialist in IP transport of broadcast content, has selected the Open Broadcast Systems 5G Flyaway solution...
12/05/2026
NEP Europe, part of NEP Group, has announced it will deliver broadcast solutions...
12/05/2026
Grass Valley has announced continued collaboration with Ravensbourne University ...
12/05/2026
Stats Perform has announced the launch of Opta Pulse, an AI-assisted video creation and distribution platform for leagues, rights holders, and broadcasters. The...
12/05/2026
FOX Sports has announced a collaboration with Sesame Workshop to integrate Sesame Street characters into FOX Sports' FIFA World Cup 2026 programming. Conten...
12/05/2026
To date, NHL Productions has produced 19 broadcasts with commentary in American Sign Language
NHL in ASL (American Sign Language) may be just one show, but the...
12/05/2026
Google's Brian Albert: creators, athletes, highlights, nostalgia, second-scr...
12/05/2026
A still from Past Lives by Celine Song, an official selection of the Premieres program at the 2023 Sundance Film Festival. (Courtesy of Sundance Institute | p...
12/05/2026
Spotify is where fans and artists come together, turning discovery into somethin...
12/05/2026
Features patented Marco-MMC clocking technology
Black Lion Audio's latest release combines the company's expertise in clocking with their renowned p...
12/05/2026
New Track Panel, sequencer upgrades & more
Following their recent public beta release, Reason Studios have announced the full release of Reason 14. With the...
12/05/2026
One month to go! SBS reveals expansive FIFA World Cup 2026 lineup beyond the pi...
12/05/2026
Rohde & Schwarz presents its advanced solutions for power electronics testing at...
12/05/2026
aconnic AG (ISIN: DE000A0LBKW6), Munich, has developed a modified fund raising p...
12/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
12/05/2026
Tyrell Corporation, specialists in high-end live sports and entertainment broadcasts, was tasked with delivering compelling broadcast coverage of premier equest...
12/05/2026
Registration is now open for IBC2026 as the global media, entertainment and technology community prepares to converge on the RAI Amsterdam from 11 14 September ...
12/05/2026
Ross Video, a global leader in live video production technology, will present its latest innovations and integrated production workflows at BroadcastAsia 2026, ...
12/05/2026
500 selected leaders from around the world across start-ups, corporates, and venture capital. Over 50bn in assets under management among attending investors, a...
Espial Reports 2014 Second Quarter Results 
