The net loss for the quarter was $12.6 million, or $0.41 net loss per basic and diluted share, versus a net loss of $5.5 million, or $0.18 per basic and diluted share, for the same period last year. A summary of consolidated financial data is attached.
During the first quarter, Wink focused solely on the initiatives that are key to validating our business model, said Wink’s President and CEO Maggie Wilderotter. We executed on an aggressive deployment schedule with our distribution partners, renewed contracts with early-adopter network programmers, launched new programming content, aired a record number of enhanced advertisements and continued to ink strategic partnerships with technology and market leaders.
The most significant work done during the quarter involved increasing our distribution footprint, added Wilderotter. In addition to reaching an integration agreement with Gemstar TV Guide we were also able to form a long-term relationship with Bell ExpressVu, Canada’s largest DBS broadcaster. These agreements make way for Wink to rapidly deploy into millions of additional digital cable and satellite homes.
With more than three million households currently enjoying Wink’s Enhanced Broadcasting Service, we are well on the way to finishing the year with more than six million households. I’m proud to say that Wink has ended the first quarter of 2001 as the leading mass-market interactive television solution deployed in North America, concluded Wilderotter.
SOURCE: COMPANY PRESS RELEASE
