Amino Technologies significantly narrowed its losses in 2010, taking full advantage of market enthusiasm for hybrid over-the-top solutions, which have combined with the company’s core IPTV market.
In the year to November 30, 2010, Amino recorded a loss of £0.9 million (€1.06m), compared with a loss of £8.8 million in 2009. The company returned to profitability in the second half of the year, creeping £100,000 into the black.
Commenting on the results, Keith Todd, non-executive chairman stated: “Amino has made encouraging progress this year, delivering continued momentum in sales, revenues and market traction for newly- launched products. This success has been achieved despite a period of heavy investment in the hybrid/OTT space.”
Amino says technical trials of its OTT product are currently underway and a major order has been placed by an as yet unnamed operator in Western Europe. However, the order has so far resulted in an exceptional loss of £1.7 million.
The development of the MeeGo Linux platform for OTT follows work on the project with Intel.
Continued strong sales by Central European IPTV customers have been boosted by Vodafone Iceland who became one of the first operators to deploy the new IPTV product range. There were good sales volumes in Eastern Europe, particularly in the Russian market.
