In a trading update issued ahead of its full year results, ANT has said it is anticipating revenues to be “significantly better than previous guidance”.
The Cambridge-based IPTV software company said sales revenues would not be less than £3.6 million and it was anticipating a pre-tax loss no greater than £1.3 million (€1.39 million).
ANT also said it had benefitted from royalty bearing shipments, the tight management of costs and the strengthening of the US dollar. It is anticipating that a strong pipeline of new business will help further reduce losses.
Full year results will be announced on March 2, 2009. The company’s 2007 loss was £2 million.
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