Amino Technologies PLC Trading Update and Notice of Results (3544Y)
December 05 2017 - 2:00AM
UK Regulatory
TIDMAMO
RNS Number : 3544Y
Amino Technologies PLC
05 December 2017
Amino Technologies plc
("Amino" or "the Company")
Trading Update and Notice of Results
Profit and margins in line with market expectations
Amino Technologies plc (LSE AIM: AMO), the Cambridge-based
provider of digital entertainment solutions for IPTV, Internet TV
and in-home multimedia distribution, today provides the following
trading update for the year ended 30 November 2017.
The Group expects to report a full year performance that
demonstrates continued customer traction for its IP / cloud video
software solutions and devices, despite industry-wide memory cost
headwinds. Gross profit and adjusted profit before tax are expected
to be in line with market expectations, whilst revenue is expected
to be similar to the previous financial year due to product
mix.
The Company's cash position at 30 November 2017 was GBP13.0m (30
November 2016: GBP6.2m) as a result of good operating cash
conversion.
Commenting on today's announcement, Keith Todd CBE,
Non-Executive Chairman said:
"I am encouraged by Amino's strong operational performance with
good profit margins and excellent cash generation. As we continue
to deliver momentum and scale, we are seeing growing traction for
our software solutions and new product lines. We enter 2018 with a
solid backlog and an excellent pipeline which provide us with
confidence for the year ahead and beyond."
The Company will announce its full year results on 6 February
2018.
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
Ends
For further information please contact:
Amino Technologies PLC +44 (0)1954 234100
Donald McGarva, Chief Executive Officer
Mark Carlisle, Chief Financial Officer
finnCap Ltd (NOMAD and Joint Broker) +44 (0)20 7220 0500
Matt Goode / Carl Holmes / Simon Hicks (Corporate Finance)
Simon Johnson (Corporate Broking)
Canaccord Genuity Limited (Joint Broker and Financial Adviser) +44 (0)20 7523 8000
Simon Bridges / Emma Gabriel
FTI Consulting LLP (Financial PR) +44 (0)20 3727 1000
Jamie Ricketts / Alex Le May / Darius Alexander
About Amino Technologies plc
Amino Technologies plc is a global leader in innovative IP/Cloud
video software and device solutions that enable service providers
to transform the consumer experience. As pioneers of IPTV and with
over seven million devices sold worldwide, Amino has a proven track
record for rock-solid reliability, innovation and best-in-class
customer care. Over 1,000 of the world's leading service providers,
across 100 countries have relied on Amino to provide a seamless
delivery of rich entertainment experiences. We pride ourselves in
providing award-winning solutions that enable the delivery of
innovative services to enrich the lives of connected consumers.
Amino Technologies plc is headquartered near Cambridge, in the UK,
and is listed on the AIM market of the London Stock Exchange (AIM:
symbol AMO). www.aminocom.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCLLFEDFRLSIID
(END) Dow Jones Newswires
December 05, 2017 02:00 ET (07:00 GMT)
Aferian (LSE:AFRN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aferian (LSE:AFRN)
Historical Stock Chart
From Apr 2023 to Apr 2024