Video streaming solutions company Aferian, which runs Amino and 24i, has said it has received increased orders for its video streaming products and expects revenues in the second half of the year to be 20% higher than in the first.
The Cambridge-based company has previously struggled amid financial uncertainty and had implemented a cost reduction programme.
Aferian still expects a net debt reduction by the end of the year, ‘as cost savings and working capital initiatives implemented in the first half generate improvements in free cash flow’.
Chief Executive Officer Mark Carlisle hailed ‘the strong performance…with increased sales orders and new business wins across the group,’ adding that Aferian is ‘well-positioned to close the year on a positive note and drive sustained growth into the future’.
EBITDA for the second half is expected to be approximately $2 million.