Amino “outlook positive” on 2014 results

Amino Technologies, the Cambridge-based specialist in digital entertainment solutions for IPTV, OTT and in-home multimedia distribution, announces audited results for the year ended November 30th 2014.

Commenting on the results, Keith Todd CBE, Non-Executive Chairman, stated: “2014 was an important year for Amino where we have turned the corner and moved into a period where we can anticipate top line growth in addition to profit growth. Our discipline on cost control and gross margin enabled the Company to end the year with a record profit and net cash position. The investments we have made into the new product portfolio will contribute to the anticipated full year revenue growth in 2015.  In addition to our actions to drive the Group’s financial performance, we have materially increased dividends and continue to review acquisition opportunities in the market. We are pleased to say the outlook for 2015 is positive.”

Financial highlights include:
– Revenue in line with expectations at £36.2 million (2013: £35.9m) with return to growth in the second half
– Gross margin up 1 percentage point to 46.3 per cent (2013: 45.3 per cent)
– EBITDA before exceptional items increased by 11 per cent to £6.7 million (2013: £6.0m)
– Strong cash generation from operations with period-end net cash up 6 per cent to £20.8 million (2013: £19.5m), equivalent to 40.0p per share (2013: 37p per share) after share buyback of £1.4 million and dividend of £1.9 million paid in the period
– Positive outlook for the year ahead, with expectation of continued revenue growth as well as further profit growth

Operational highlight includes:
– Significant expansion of product offering with good traction achieved in key markets
– Strong revenue growth in North America and emerging markets of LATAM and Eastern Europe

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