multichannel connect
all access


NTN Boosts Revenues

5/10/2005 7:02 AM Eastern

NTN Communications Inc. posted a 7.5% increase in first-quarter revenues to $9.51 million versus $8.84 million a year earlier, but its net loss rose slightly, from $1.29 million to $1.35 million, based on losses at NTN Hospitality Technologies and Buzztime Entertainment Inc.

NTN said Buzztime revenue jumped from $43,000 in the first quarter of 2004 to $294,000 in the first quarter of 2005, including $188,000 that came from a trial agreement with Comcast Corp. and $40,000 from its deals with direct-broadcast satellite and wireless-phone providers. Still, Buzztime lowered its net loss from $982,000 to $663,000 in the quarter.

NTN chairman and CEO Stanley Kinsey was upbeat, saying in a release that he was "very pleased with the positive long-term trends of the operations. In Buzztime, our revenues and relationships with cable operators strengthened, while we increased licensing revenues from satellite and mobile markets."


Alert to All Users of the Disqus commenting system:
Because of a recent global security issue, the Disqus website recommends that all users change their Disqus passwords. Here's a URL about the issue: