Orca posts losses, blames consolidation

IPTV middleware and applications developer Orca posted a net loss of $3.4 million for the half-year, compared with a loss of $1.3 million on revenues of $914,000--down from $3 million last year. The company said its net cash status is strong with $18.7 million at the end of June. Also, the company's three year order book had increased to $6.7 million, up from $5.8 million as of the end of 2005. CEO Haggai Barel attributed the "disappointing" first half revenue performance to industry consolidation and delayed purchasing decisions.

For more on Orca:
- see this article from LifestyleExtra

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