Mirada sees big improvement for fiscal year earnings | Media Investment | Business
By continuing to use this site you consent to the use of cookies on your device as described in our privacy policy unless you have disabled them. You can change your cookie settings at any time but parts of our site will not function correctly without them. [Close]
Audio-visual content interaction specialist Mirada plc has announced its final results for the year ended 31 March 2018.

Revenue increased to $8.82 million, up from $8.49 million for the year before. Gross profit meanwhile increased to $7.94 million from $7.88 million; and net loss was reduced to $4.87 million from $7.10 million in 2017.

The decrease in revenues with Televisa’s izzi Telecom after the Peso devaluation in Dec 2016 and izzi Telecom’s freeze of purchases in US dollars was offset by the revaluation of USD vs EUR, which has contributed to $0.63 million additional revenues, the company said.

The year saw several customer wins, including contracts with ATN International Inc (ATNi) for deployments in the Caribbean; and with Digital TV Cable Edmund S.R.L. in Bolivia. Also, deployment from March 2018 of Iris multiscreen licenses over new segments of subscribers at izzi Telecom resulted in higher monthly installations and an increase of more than $1.5m in licence-fees collections post year end, since April 2018.

“Mirada participated in a significant number of advanced stage tenders during the year and is seen as an increasingly relevant supplier as new bids appear in the market,” said Jose Luis Vazquez, CEO of Mirada. “I am glad to say that we currently have a strong pipeline in terms of the number of opportunities we are participating in. This pipeline and an increasing number of successful references is helping us secure new opportunities and we are confident of announcing new relevant contract wins in the near future.”

Earlier in the year, Mirada launched a new multiscreen appa new multiscreen app to deliver its Iris technology across LG and Samsung smart TVs, Android-based TVs and streaming devices such as Apple TV and Chromecast. The Iris solution allows pay-TV customers to watch live, catch-up and on-demand content across set-top boxes, smartphones, tablets and laptops. With the new app, operators can provide content along with Iris features.