Amino has released a good trading update for the six months to May’17. The group carried strong momentum into the period, having delivered four upgrades in a row in FY’16. This strong momentum has been maintained, with revenue expected to be c.£40m in H1’17 (48% of our FY expectations, versus a traditional 45:55 weighting). Net cash is significantly ahead of our expectations at £13.1m (N+1se: £9.1m). We expect the strong performance to continue into H2’17, but with new products expected to lower ....
06 Jun 2017
N+1 Singer - Amino Technologies - Another strong period
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Amino Technologies - Another strong period
Aferian plc (AFRN:LON) | 7.8 0 (-3.1%) | Mkt Cap: 8.62m
- Published:
06 Jun 2017 -
Author:
Oliver Knott -
Pages:
3
Amino has released a good trading update for the six months to May’17. The group carried strong momentum into the period, having delivered four upgrades in a row in FY’16. This strong momentum has been maintained, with revenue expected to be c.£40m in H1’17 (48% of our FY expectations, versus a traditional 45:55 weighting). Net cash is significantly ahead of our expectations at £13.1m (N+1se: £9.1m). We expect the strong performance to continue into H2’17, but with new products expected to lower ....