Fri, August 20, 2010
Thu, August 19, 2010
[ Thu, Aug 19th 2010 ] - Market Wire
Mortgage Rates Rebound Slightly
Wed, August 18, 2010
Tue, August 17, 2010
Mon, August 16, 2010
Sat, August 14, 2010
Fri, August 13, 2010
Thu, August 12, 2010
[ Thu, Aug 12th 2010 ] - Market Wire
30 p.m. EDT
Wed, August 11, 2010
Tue, August 10, 2010
Mon, August 9, 2010
Sun, August 8, 2010
Sat, August 7, 2010
Fri, August 6, 2010
Thu, August 5, 2010
[ Thu, Aug 05th 2010 ] - Market Wire
Mortgage Rates Continue to Drop
Wed, August 4, 2010
Tue, August 3, 2010
Mon, August 2, 2010

Espial Group Inc Reports 2010 Second Quarter Results


//science-technology.news-articles.net/content/2 .. oup-inc-reports-2010-second-quarter-results.html
Published in Science and Technology on Wednesday, August 11th 2010 at 13:15 GMT by Market Wire   Print publication without navigation


 - Announced Espial's customer, Optimus Clix, has doubled the usage of its Time-Shift TV Services which utilizes Espial's MediaBase VOD product, in the first 5 months of 2010. Optimus Clix is a fixed and mobile telecom operator in Portugal with a national DSL network reaching 1.6 million homes and a FTTH deployment already covering more than 200,000 households. - Announced a partnership with Conax, the global content security specialist, to deliver a Hybrid-IP TV solution for cable, satellite, terrestrial and telecom operators. - Announced a partnership with Sigma Designs to have pre-integrated Espial TV Browser version 6.0 on Sigma Design chipset reference platforms, which, includes support for Adobe Flash, Flash video and HTML5 Video. 
 - Toll Free line (Canada/US) - 888-231-8191 - Local/International - 647-427-7450 
 - Toll line: 416-849-0833 - passcode: 92447964 - Toll free line: 1-800-642-1687- passcode: 92447964 
 June June 30, 2010 30, 2009 ---------------------------- (3 months) (3 months) (Unaudited) (Unaudited) Net loss and Comprehensive loss $ (784,410) $ (1,103,872) Add Stock compensation 120,000 50,000 Depreciation of property and equipment 56,918 74,482 Amortization of intangibles 283,083 283,443 ------------------------------------------------------------------------- (324,409) (695,947) ------------------------------------------------------------------------- Less (add) Interest income 6,757 18,569 Foreign exchange gain (loss) (113,612) (235,518) ---------------------------- Earnings before interest, foreign exchange, taxes, stock compensation, depreciation and amortization $ (217,554) $ (478,998) ---------------------------- ---------------------------- ESPIAL GROUP INC. Consolidated Balance Sheets (in Canadian dollars) ------------------------------------------------------------------------- June 30, December 31, 2010 2009 (unaudited) (audited) ------------------------------------------------------------------------- CURRENT ASSETS Cash and cash equivalents $ 8,069,350 $ 8,711,699 Short-term investments 110,000 122,246 Accounts receivable 2,092,235 1,989,367 Investment tax credits receivable 450,000 550,000 Prepaid expenses 355,042 178,003 ------------------------------------------------------------------------- 11,076,627 11,551,315 Property and equipment 709,763 767,451 Intangible assets 3,814,316 4,380,482 Goodwill 3,340,808 3,340,808 ------------------------------------------------------------------------- $ 18,941,514 $ 20,040,056 ------------------------------------------------------------------------- ------------------------------------------------------------------------- CURRENT LIABILITIES Operating line $ 1,000,288 $ 500,044 Accounts payable and accrued liabilities 1,524,163 1,643,717 Deferred revenue 1,567,967 2,064,598 ------------------------------------------------------------------------- 4,092,418 4,208,359 ------------------------------------------------------------------------- COMMITMENTS SHAREHOLDERS' EQUITY Share capital 74,859,576 74,859,576 Warrants 164,435 164,435 Contributed surplus 10,768,844 10,568,844 Deficit (70,943,759) (69,761,158) ------------------------------------------------------------------------- 14,849,096 15,831,697 ------------------------------------------------------------------------- $ 18,941,514 $ 20,040,056 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ESPIAL GROUP INC. Consolidated Statements of Loss and Comprehensive Loss (in Canadian dollars except share data) Three Months Ended Six Months Ended ------------------------------------------------------------------------- June 30, June 30, June 30, June 30, 2010 2009 2010 2009 (unaudited) (unaudited) (unaudited) (unaudited) ------------------------------------------------------------------------- Revenue $ 3,126,270 $ 3,110,403 $ 6,920,253 $ 6,193,524 Cost of revenue 682,528 767,749 1,776,117 1,411,155 ------------------------------------------------------------------------- Gross margin 2,443,742 2,342,654 5,144,136 4,782,369 ------------------------------------------------------------------------- Expenses Sales and marketing 976,143 973,355 2,101,534 2,115,619 General and administrative 448,287 511,967 952,773 1,055,704 Research and development 1,236,866 1,336,330 2,173,462 2,899,310 Stock compensation expense 120,000 50,000 200,000 103,000 Depreciation of property and equipment 56,918 74,482 110,703 139,541 Amortization of intangible assets 283,083 283,443 566,166 566,884 ------------------------------------------------------------------------- 3,121,297 3,229,577 6,104,638 6,880,058 ------------------------------------------------------------------------- Loss before other income (expense) (677,555) (886,923) (960,502) (2,097,689) ------------------------------------------------------------------------- Other income (expenses) Interest income 6,757 18,569 2,780 50,635 Foreign exchange gain (loss) (113,612) (235,518) (224,879) (239,120) ------------------------------------------------------------------------- (106,855) (216,949) (222,099) (188,485) ------------------------------------------------------------------------- Net loss and comprehensive loss $ (784,410) $ (1,103,872) $ (1,182,601) $ (2,286,174) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Net loss per common share - basic and diluted $ (0.06) $ (0.08) $ (0.08) $ (0.16) Weighted average number of common shares - basic and diluted 14,101,829 14,101,829 14,101,829 14,101,829 

Publication Contributing Sources