Amino predicts record revenues, reduced losses

Amino is set to announce record first half revenue and a healthy second half order backlog, the IPTV set-top specialist said in a trading update.

As expected, Amino is expected to report marginal losses for the first half of the year but the company said its financial position had “recovered strongly” during the period, with cash balance at May 31 ahead of analysts expectations at £11.6 million (€13 million). 

“I am pleased to confirm that the encouraging momentum seen last year has continued in this first half,” said Amino’s non-executive chairman Keith Todd. “Amino has delivered a strong revenue performance during the period and enjoys a healthy order backlog as we move into the second half of the year. The substantial improvement in our cash position, and continued sharp focus on cost management and our supply chain, allied to our healthy new business pipeline, provides the Board with confidence that we continue to trade in line with management expectations for the full year.”