Black is better than red when it comes to earnings so the news coming from Amino Technologies (LSE: AIM) that it expects to post a "small first-half profit" for the period ended May 31 is good. Especially when the company delivered a loss during the same period in 2011.
Britain-based Amino--a leader in digital entertainment technology for IPTV, Internet TV and in-home multimedia distribution-- will announce its interim financial results July 17.
In a statement released by its board, Amino directors cited good operational performance and continued margin improvement for performing in line with expectations and said that its cash balance is strong.
Amino, like most set-top box makers, is negotiating a difficult space where set-tops are increasingly competing with Internet-connected consumer electronics devices that range from Blu-ray players to smart TVs.
In April, Amino announced a deal with fiber optic network provider Salsgiver, which, in addition to rolling out a broadband and phone network outside Pittsburgh, Pa., would use Amino's device to deliver movie-on-demand services, catch-up TV, Internet music services, applications and social networking as part of an OTT-based market test.
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