Last year, ATN International agreed to deploy Mirada's Iris product across the Caribbean, and shortly after the AIM-listed group bagged a contract to deploy Iris for Bolivian operator Digital TV Cable Edmund.
That followed a roll-out of Mirada’s Iris multiscreen solution for izzi Telecom in Mexico, part of the massive Televisa Group and that is expected to spark more orders.
Unfortunately, a Donald Trump-inspired slow-down in the Mexican economy meant Televisa, currently the biggest customer, put less money Mirada's way, resulting in half-year revenues to September dipping to US$3.47mln from US$3.79mln a year earlier.
The Mexican economy has since begun to recover, with a stronger currency, and Mirada's management is confident that deployments by Televisa of Mirada's interactive platform will also recover.
Interim losses widened to US$2.92mln from US$1.70mln, while net debt rose to US$7.57mln.
Recently, main backer Ernesto Tinajero followed up a US$1.7mln convertible loan with a further US$3mln one-year loan facility
Tinajero owns 27% of Mirada and was one of the first users of its software at Cablecom, a company now owned by Televisa, so he knows the product well.
Jose Luis Vazquez, Mirada’s chief executive, is also confident that, in time, a lot more orders would come the group’s way.
"Mirada has built a solid platform, which is highly valued by its customers,” he said with the interim numbers in December.
“This, combined with the successful commercial roll-out of the Iris solution for Televisa last year, has enabled the company to build a solid sales pipeline,” he said.
What is the Iris solution?
Mirada's Iris TV Everywhere solution enables content to be viewed across set-top boxes, smartphones and tablets.
All of them working seamlessly through Mirada's state-of-the-art Inspire user interface.
Subscribers multi-screen viewing, the ability to pause viewing on one device and resume viewing on another, as well as access to more content and on-demand TV.