(MENAFN- ProactiveInvestors - N.America) Interactive UHD TV software specialist NeuLion (TSX:NLN) moved back into profit as sign-ups to its digital platform gathered pace.
Revenue in the three months to March increased 21% to $26.3mln (US$21.7mln) with revenues from the digital platform 10% higher at US$18.2mln (US$16.5mln).
Net income rose to US$2.1mln from a net loss of US$0.5mln.
Kanaan Jemili chief executive said that both new customers and more usage from existing customers boosted the digital platform.
'As revenues increase our costs increase at significantly lower rates." said Jemili.
Canada-listed Neulion specialises in secure interactive or OTT services for subscriber-based sports content streamed for the new generation of 4K televisions.
These have a resolution four times better than the current HD TV.
Shipments of the new TVs are 'growing exponentially' said Neulion which has struck deals with some of the largest manufacturers as well as content providers.
Sony for example selected NeuLion as its partner to bring live content to its televisions to ensure high-quality streaming of live events delivered over the top to Sony 4K Ultra HD TVs.
TCL has also integrated NeuLion's platform into its newest line of UHD televisions for live and on-demand 4K video streaming.
"We continue to expand our efforts in the UHD 4K market having completed four live OTT broadcasts of 4K content working with Univision BT Sports and Mediapro' said Jemili.
The digital platform and encoder also allows content partners digital audiences to their National and Local TV ratings Neulion added
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