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Espial’s revenue grows on the back of US and German wins

Canadian IPTV software house Espial has published an impressive set of financial results this week growing its Q1 revenue by 63% year-on-year, from C$5.3 million (Canadian dollars) to C$8.7 million. The company cited the launch of Tele Columbus’ 4K hybrid IP video service AdvanceTV in Germany in February as a major driver to the company’s growth – and probably breathing a sigh of relief that the project finally got off the ground over a year since it was first scheduled. Yet the majority of Espial’s growth came in North America, with revenues rocketing from just C$800,000 in Q1 2016, to more than C$5 million this year. Revenues in Europe rose from C$3.05 million to C$3.4 million in the period, while…

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