Amino Technologies, a provider of digital entertainment solutions for IPTV, Internet TV and in-home multimedia distribution, has provided a trading update for the year ended November 30th 2016.
As announced on October 10th 2016, the Ccmpany set out better than expected trading for the full year driven by record orders in August coupled with favourable foreign exchange effects. For the full year, the Board now expects to report revenue and profit marginally ahead of these revised market expectations. The Company’s cash position at November 30th was £6.2 million (November 30th 2015: £2.1m) which is also ahead of market expectations.
The Company moves into 2017 with a solid order backlog providing good visibility into the first half of next year, further underlining the strong sales performance delivered during the past 12 months.
Commenting on today’s announcement, Keith Todd CBE, Non-Executive Chairman said: “This has been a transformative year for Amino in terms of the scope, scale and performance of the business. With strong financial metrics, a solid order backlog and our enhanced product offering, the Company goes into 2017 with confidence.”
The Company will announce its full year results on February 7th 2017.