[Satellite Today – 2-12-08] Scopus Video Networks has seen a sharp increase in revenues in 2007, the company announced Feb. 11.
The provider of digital video products reported revenues of $57.5 million for the year, an increase of more than 20 percent compared to 2006. In 2007, the company reported gross profits of $27.6 million, compared to $23 million in 2006.
“Our results for the fourth quarter culminate a year in which we improved our business fundamentals and reported continued sequential growth in our revenues,” Yaron Simler, CEO of Scopus, said in a statement. “It was also a year in which we saw a strong positive cash flow and reached the breakeven level.”