We believe Amino’s H1 20A results demonstrate the resilience of the
business and the benefits of the ongoing move towards a software-led
business model. 24i continues to perform strongly, supported by stable
profits (EBITDA) in the Amino segment. Both recorded a number of new
contract wins during the period. The group also reported a significant
improvement in revenue quality and the business remains underpinned by
a solid financial position. We leave underlying forecasts unchanged
following the announcement, however with the global COVID-19 pandemic
ongoing, uncertainty on the H2 20E outlook clearly remains.
- Resilient H1 20A results: Amino reported YoY revenue growth of 10% for H1 20A and a $0.2m improvement in adjusted EBITDA, post $0.6m of IFRS16 adjustments to $7.1m. Against the backdrop of the global COVID19 pandemic, we believe this is a highly commendable performance.
Amino Technologies (LON:AMO) is a trusted partner and global provider of innovative, scalable media and entertainment technology solutions. As an IPTV pioneer, working with over 250 operator customers in 100-plus countries, Amino continuously innovates to help customers deliver modern video experiences.
