IP set-top vendor Amino returned to operating profitability last year, posting gross profits of £14.5 million (€17 million), up 16% for the full year ending November 30.
Chairman Keith Todd said the company was taking advantage of the increasing popularity of IP-based TV services from both traditional pay TV operators and pure OTT providers. The company has seen particularly strong growth in North America and also in western Europe, where it secured deals with Telecom Italia for the Cubovision service and, more recently, with Vodafone Netherlands for IPTV set-tops.
Full year revenue was up 18% to £51.8 million, while EBITDA rose by €3.8 million to €4.4 million.
“Amino has delivered a good performance in what has undoubtedly been a challenging year for the global technology industry,” said Todd. “This year Amino has returned to operating profitability, delivered improvements in margin, generated encouraging revenue growth and significantly strengthened its cash position. All of this has been enabled by a rigorous focus on operational management and by the market’s growing acceptance of our stronger, simplified product range.”
Vizio adds three sports channels including beIN Sport Xtra digitaltveurope.com/2021/01/25/viz… https://t.co/7On89q58zR
25 January 2021 @ 21:21:00 UTC
ICYMI: Japanese government brands Olympic cancellation claims ‘categorically untrue’ digitaltveurope.com/2021/01/25/jap… https://t.co/GcPfjzeOnc
25 January 2021 @ 21:00:00 UTC
ICYMI: UK watchdog outlines concerns about Virgin Media/O2 merger digitaltveurope.com/2021/01/25/uk-…
25 January 2021 @ 20:30:00 UTC
Report: Salto edges up to 200k subs after three months digitaltveurope.com/2021/01/25/rep… https://t.co/YtWFM5kAI8
25 January 2021 @ 20:00:01 UTC
Digital TV Europe has extended the deadline for completion of our annual industry survey until January 31 - take pa… twitter.com/i/web/status/1…
25 January 2021 @ 19:30:00 UTC