A strategy of building devices that deliver a mix of pay TV services via both IPTV and OTT and an ongoing focus on the expanding connected home environment helped Amino Technologies rack up some hefty first half profit figures, the vendor announced this week.
According to first half results, Amino recorded £2.6 million ($3.97 million) of operating profit on revenue of £20.1 million ($30.35 million). Operating profit before exceptional items was up 735 percent to £1.7 million ($2.56 million) and gross profit was up 30 percent to £9.3 million ($14.05 million), the company said in an earnings statement.
Non-Executive Chairman Keith Todd, in a statement released by the company, credited Amino's ability to develop products for a changing IPTV marketplace that now includes OTT as an essential element and a series of "win back" campaigns aimed specifically at North American operators.
"Amino's IPTV portfolio is closely aligned with operator strategies to deliver a mix of pay TV and new services delivered over-the-top (OTT) via the open Internet," Todd said in the press release.
In North America, where Amino recorded customer wins with HickoryTech, among other players, the company's success is based more on a marketing focus that any individual technology, he continued.
"In North America, the benefit of focused customer campaigns has continued. Several 'win backs' in highly competitive pitches underlying the strengths of the Amino brand," Todd said.
To an extent, Amino is also profiting from its flexibility to move beyond its IPTV base and into pure OTT delivery where it won deals with Russian language TV service KartinaTV and Mexican fiber network operator Maxcom.
"Amino continues to develop its portfolio to meet future customer demands," Todd said, noting a number of global "market developments" on which the company hopes to capitalize.
"The rollout of fiber optic networks in many regions positions operators to deploy more advanced entertainment services using Internet Protocol technology, where Amino has over a decade's experience," he said.
Also playing into future growth will be a change in regulatory environments allowing operators to use OTT to extend services and the growth of the connected home, also cited as "an encouraging trend" in Todd's remarks.
"The company continues to develop its offering to meet challenges," he concluded, noting that the "high-specification Intel (Nasdaq: INTC)-powered Live home media center" is on track to be generally available "towards the end of the year."
For more:
- Amino issued this earnings statement
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