New market opportunities from connected TV helped ANT significantly reduce its losses in the first six months of 2010. The Cambridge-based provider of software solutions took losses after tax down to £519,796 (€625,194) from £915,185 in the first half of 2009.
The company said it was continuing to realign its commercial focus to what it sees as potentially larger markets, extending its traditional browser business into the broader connected TV sector. These include the UK, France and Germany, the latter too emerging as prime territories for HbbTV.
New contracts have been signed with device manufacturer Topfield and the global high tech telecommunications company Kathrein-Werke KG, which will incorporate the ANT Galio Platform into set-top boxes targeting various European markets using both its Kathrein and TechnoTrend Görler consumer brands.
Earlier this year ANT anticipated that it would move into profit in the second half of 2010.