Amino Technologies, the IP set-top turned TV software company, says it has successfully navigated the challenges of the Covid-19 pandemic.
It expects to deliver profitability ahead of the prior year and will reintroduce dividends to its shareholders.
The company comprises 24i, which focusses on streaming video experiences and Amino, which connects pay-TV to streaming services. Its anticipating total revenues of approximately $83 million, representing an 8% increase on the year ending 30 November 2019.
Donald McGarva, Chief Executive Officer of Amino Technologies plc, said the company was positioned to capture the opportunity brought about by the COVID-19 pandemic: “The pandemic has accelerated structural shifts in viewer behavior and expectations. Traditional TV and content streaming are converging, with viewers wanting the best of both worlds.”
24i became a part of Amino in July 2019 and McGarva hinted at further acquisitions.
The company will issue its full year results for the year to November 30, 2020.
