Aferian Share News (AFRN)

AIM WINNERS & LOSERS: Union Jack declares payout; Aferian revenue down

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

IN BRIEF: Aferian adjusted operating profit to drop as cash plummets

Aferian PLC - Cambridge-based business-to-business video streaming solutions company - Expects device revenue for financial year 2022 ending November 30 to be 10% lower than expected in June. Notes Amino business experienced delays as customers reduce working capital. However, notes that exit annual recurring revenue and software growth of 15% and 5% respectively is in line with management expectations, but much lower than on a constant currency basis, for which ARR revenue and software growth are estimated at 25% and 15% respectively. Further, notes USD5.5 million one-off charge for costs.

TRADING UPDATES: IQE, Trellus Health and Insig sign new agreements

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Aferian partners with Swisscom, launches new TV offering

Aferian PLC - business-to-business video streaming solutions company - Signs new partnership with Swisscom Broadcast Ltd and launches FokusOnTV, a new TV-as-a-service streaming offering that enables pay TV operators to improve their time to market and reduce their on-site infrastructure. FokusOnTV will be offered as a pre-integrated solution with Swisscom's premium infrastructure.

Aferian confident despite fall in revenue, operating profit

(Sharecast News) - Video streaming technology company Aferian reported a 2% fall in first-half revenue on Tuesday, to $44.5m, due to delays in product shipments amid Covid-related supply chain difficulties.

Aferian swings to interim loss but annual recurring revenue grows

(Alliance News) - Aferian PLC on Tuesday said it swung to an interim loss in the most recent financial year, but it still has confidence for the second half.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: Coca-Cola HBC and Pendragon shareholders show ire

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Aferian pleased with progress despite difficulties in China

(Sharecast News) - Video streaming technology company Aferian said in a trading update on Tuesday that it continued to make "strong progress" in improving the quality of earnings and enhancing revenue visibility in its first half.

IN BRIEF: Aferian expects flat interim revenue but strategic progress

Aferian PLC - Leeds, England-based video streaming company - Expects to report an exit run rate annual recurring revenue of USD15.8 million in the six months ended May 31. This would represent 16% growth against the USD13.8 million reported the previous year, or 26% growth on a constant currency basis. Software and services revenue is anticipated at USD12 million, an increase of 21% against the previous year's USD9.9 million. Device revenue is expected at USD33 million, down 8% year-on-year. This is a result of shipping and production delays related to Covid-19 lockdown in China. Total interim revenue expected at USD45 million, flat with the USD45.3 million achieved the previous year.

TRADING UPDATES: Audioboom and Epwin make strong starts to the year

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

TRADING UPDATES: Alpha FX restarts relationship; Atalaya resources up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Aferian acquires AI-powered video recommendation service

(Sharecast News) - Video streaming solutions company Aferian has acquired AI-powered video recommendation service the Filter in a deal worth as much as £4.0m.

Aferian pays contingent consideration on acquisition of Nordija

(Sharecast News) - Video streaming technology company Aferian announced on Thursday that part of the contingent consideration for the May 2021 acquisition of Nordija has become payable.

EXECUTIVE CHANGES: Ocean Wilsons promotes Caroline Foulger to chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and not separately reported by Alliance News: