IPTV set-top box vendor Amino expects its financial performance for the full year ending 30 November to be significantly below market expectationsÂ and will likely post a material loss for the second half of the year.
The company made the announcement ahead of the close of the financial year, blaming Âorder slippage and component shortagesÂ. Despite the transition from MEPG-2 to MPEG-4 being Âall but completeÂ, making the second half of the year Âone of the best periods for order intake since the company’s inception, Amino added that orders expected to close in the periodÂ areÂ nowÂ likelyÂ toÂ close in the next financial year.Â It also said that fulfillingÂ bookedÂ orders hasÂ proved challenging due toÂ component shortages at its suppliers, which is likely to prevent it completing the orders.
Keith Todd, AminoÂ non-executiveÂ chairman, said: ÂWe are confidentÂ as a Board thatÂ we haveÂ in placeÂ a solid platform for growth in 2010Â and beyond.”
European states ranked in terms of broadband cost digitaltveurope.com/2021/04/21/eur… https://t.co/VKGwxS2E3k
21 April 2021 @ 17:30:00 UTC
German UHD adoption on the up digitaltveurope.com/2021/04/21/ger… https://t.co/01Wk1896Vv
21 April 2021 @ 17:00:01 UTC
Proximus picks Velocix to scale-out Pickx OTT service digitaltveurope.com/2021/04/21/pro… https://t.co/94iZrBaXx9
21 April 2021 @ 15:00:00 UTC