Amino boosts revenues 74 per cent
Cambridge tech innovator Amino Technologies plc boosted revenues 74 per cent to £44m for the year to November 30 – a performance that saw its share price rise more than fie per cent.
A leader in digital entertainment solutions for IPTV, hybrid/Over the Top TV and in-home multimedia distribution, Amino also hoisted gross profit 52 per cent to £12.6m.Amino recorded a strong performance in its core IPTV segment with recovery in key markets and the launch of a new product portfolio gained immediate traction.The company’s investment in securing leadership in the emerging OTT TV market paid off with the launch in December by a tier 1 Western European network operator of entertainment services based on Amino's hybrid/OTT technology.A further OTT product was developed and launched after the year-end targeting the adjacent pay-TV market. Initial technical trials are underway with major operators.Keith Todd, the non-executive chairman said: “Amino has made encouraging progress this year, delivering continued momentum in sales, revenues and market traction for newly- launched products. “The combination of record sales revenues and unit sales in our core IPTV business - and the return to profitability in the second half of 2010 - represents an important turnaround in performance from the previous year.“This success has been achieved despite a period of heavy investment in the hybrid/OTT space. We took a conscious decision, as a board, to make this investment and believe it is an important step towards delivering long-term shareholder value. “Making this investment has secured a significant tier 1 customer, opened up a number of new tier 1 opportunities and, as a result, we have maintained our industry leading position in this potentially transformational industry segment.“Amino moves in to 2011 with a good order backlog. The company is confident that, with its new product portfolio addressing core and new markets plus a clear focus on margin management, it can continue to build on the solid platform it created during 2010.”