Set-top box maker Amino Technologies in a trading update today, said it experienced a brief interruption in component supply following the earthquake and tsunami that hit Japan in March, but said it has maintained its sales momentum and expects to report both a record first-half revenue performance and a healthy second-half order backlog.
Gross margins in the core IPTV business improved during the period, Amino said, adding that it expected a marginal loss for the period. But the U.K.-based company, which has a strong toe-hold in the U.S. telco market, said its financial position has recovered strongly during the period with its cash balance ahead of analyst expectations at 11.6 million British pounds, compared to 3.6 million British pounds as of November 2010.
Amino's core IPTV range continues to drive sales performance with substantial contract wins secured this period in Eastern Europe, North America and Latin American markets, with the Freedom OTT line in technical trials in the United States and Europe.
The Company will announce its interim results July 25.
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