Back to previous section

Amino Technologies H1 revenues expected to be 'significantly ahead' of prior year

Media technology company Amino Technologies said on Tuesday that first-half revenues were expected to be "significantly ahead" of prior year comparatives, with continued improvement seen in both earnings quality and visibility.

  • Aferian
  • 19 April 2024 17:22:03

Source: Sharecast

Amino stated it had traded well during the period, with interim revenues projected to be approximately $45.3m, 19% ahead of the prior year, with reported higher-margin software and services revenues expected to be approximately $10.0m, up from $9.7m, and exit run-rate annual recurring revenues anticipated to be roughly $13.8m, 37% ahead of the previous year figure.

The AIM-listed group also said it had made "strong progress" against its 2025 strategy, capitalising on the convergence of streaming services and traditional Pay TV by acquiring Nordija, a Danish streaming and Pay TV platform specialist during May.

Chief executive Donald McGarva said: "We have had an excellent first half. We have grown revenue by 19% and recurring revenue by 37% and enter the second half of the year confident in meeting our full-year expectations. We have executed strongly on our strategy and this progress provides us with the confidence to fulfil our ambitious growth plans.

"We continue to focus on growing software and recurring revenue whilst at the same time strengthening our long-term customer relationships and making it easy for people to connect to the TV and video they love."

As of 0940 BST, Amino shares were up 3.36% at 154.0p.

N/A

Isin: N/A
Exchange: N/A
Sell:
N/A
Buy:
N/A
Change:
Date:
Prices delayed by at least 15 minutes

Compare our accounts

Whether you're looking for a Share Dealing Account or Share Dealing ISA, we've got an account to suit your needs.

View our accounts

Lloyds Bank is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.

Important legal information

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

Logo Allfunds

The information contained within this website is provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd unless otherwise stated. The information is not intended to be advice or a recommendation to buy, sell or hold any of the shares, companies or investment vehicles mentioned, nor is it information meant to be a research recommendation. This is a solution powered by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd incorporating their prices, data news, charts, fundamentals and investor tools on this site. Terms and conditions apply. Prices and trades are provided by Allfunds Digital, S.L.U. acting through its business division Digital Look Ltd and are delayed by at least 15 minutes.

FE fundinfo Logo

Data provided by FE fundinfo. Care has been taken to ensure that the information is correct, but FE fundinfo neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.

Refinitiv Logo

© 2024 Refinitiv, an LSEG business. All rights reserved.