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Motive TV losses widen

Motive Television, the digital television technology group, has reported an increase in losses for 2014. Full-year revenues declined 2.4 per cent to £1.14 million (€1.6m) and losses before tax jumped to £12.5 million from £3 million the year before.

The company said sales levels were flat as it focused on development activity, while costs increased as distribution channels and manufacturing resources were established.

Digital revenues also fell 19 per cent to £645,871 and losses rose 42 per cent to £1.3 million as costs rose in preparation for the commercial launch of new products.

Motive said it completed the final steps of transitioning its technology to enable the transfer of content to tablets and to other mobile devices, at the same time as preparing the technology for commercialisation. Furthermore, the launch of its Tablet TV in the US and in the UK were completed sucessfully during the period.

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