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Trading Update and Notice of Results

8 Dec 2016 07:00

RNS Number : 2539R
Amino Technologies PLC
08 December 2016
 

8 December 2016

Amino Technologies plc

 

("Amino" or "the Company")

 

Trading Update and Notice of Results

 

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 2016.

 

As announced on 10 October 2016, the Company set out better than expected trading for the full year ended 30 November 2016 driven by record orders in August coupled with favourable foreign exchange effects. For the full year ended 30 November 2016, the Board now expects to report revenue and profit marginally ahead of these revised market expectations. The Company's cash position at 30 November 2016 was £6.2m (30 November 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 7 February 2016.

 

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 / Tim Redfern (Corporate Broking)

Canaccord Genuity Limited (Joint Broker and Financial Adviser)

+44 (0)20 7523 8000

Simon Bridges / James Craven / Emma Gabriel

FTI Consulting LLP (Financial PR)

+44 (0)20 3727 1000

Chris Lane / Alex Le May / Darius Alexander

scamino@fticonsulting.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCLLFSDFILDIIR
Date   Source Headline
3rd Jan 200710:39 amBUSAmino Technologies Appoints Keith Todd as Chairman
2nd Jan 20077:01 amRNSAppointment of Chairman
22nd Dec 20067:01 amRNSBoard changes
12th Dec 200610:02 amRNSTotal Voting Rights
11th Dec 200610:56 amRNSHolding(s) in Company
11th Dec 200610:55 amRNSHolding(s) in Company
1st Dec 200612:52 pmBUSIntAct Licenses IPTV Solution to WNC
30th Nov 200611:06 amRNSLicence contract
9th Nov 20067:00 amRNSChina contract and alliance
25th Oct 20067:01 amRNSTrading Statement
24th Oct 20062:00 pmBUSStratacache Brings Reliable Multicast Content Delivery to Amino IPTV Set-Top Boxes
24th Oct 20062:00 pmBUSStratacache Enables Low-Cost Digital Signage Networks Based on Amino IPTV Set-Top Boxes
20th Oct 200610:45 amBUSAmino Selected by On Command for In-Room IPTV
18th Sep 200611:03 amBUSAmino Demonstrates New Multi-Codec IPTV Platform for Asian Market; Boosts Operator ARPU and ROI While Reducing Customer Churn Through Enhanced Service Support
18th Aug 20064:36 pmRNSPrice Monitoring Extension
31st Jul 20067:01 amRNSInterim Results
31st Jul 20067:01 amRNSDirectorate Change
18th Jul 20067:01 amRNSCollaboration with TI
10th Jul 20067:01 amRNSNotice of Interim Results
20th Jun 200610:35 amRNSHolding(s) in Company
15th May 20065:18 pmRNSHolding(s) in Company
11th May 20065:06 pmRNSHolding(s) in Company
28th Apr 20064:40 pmRNSSecond Price Monitoring Extn
28th Apr 20064:35 pmRNSPrice Monitoring Extension
28th Apr 20061:03 pmRNSResult of AGM
27th Apr 20067:02 amRNSAGM Statement
24th Apr 20069:18 amRNSHolding(s) in Company
16th Feb 200611:19 amRNSDirector/PDMR Shareholding
15th Feb 200612:49 pmRNSDirector/PDMR Shareholding
30th Jan 20067:01 amRNSFinal Results
24th Jan 20069:48 amRNSGuidance amendment
10th Jan 20067:00 amRNSNotice of Preliminary Results
9th Dec 20057:02 amRNSPortugal order
28th Nov 20057:01 amRNSMajor licence signed
28th Nov 20057:01 amRNSYear-end trading update
29th Sep 200512:12 pmRNSHolding(s) in Company
2nd Sep 20054:55 pmRNSHolding(s) in Company
10th Aug 20055:03 pmRNSDirector/PDMR Shareholding
1st Aug 20054:42 pmRNSHolding(s) in Company
1st Aug 20053:35 pmRNSHolding(s) in Company
26th Jul 20059:55 amRNSBoard Appointment
25th Jul 20057:00 amRNSInterim Results
6th Jul 20054:00 pmRNSInterim results date
6th Jul 20057:00 amRNSMajor order from tier 1 telco
5th Jul 200511:37 amRNSHolding(s) in Company
4th Jul 20054:42 pmRNSHolding(s) in Company
27th Jun 20051:12 pmRNSHolding(s) in Company
23rd Jun 200512:01 pmRNSHolding(s) in Company
22nd Jun 20057:01 amRNSRollout of IPTV in Caribbean
7th Jun 20052:46 pmRNSBlocklisting Interim Review

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