Revenue increased by 26% to £2.0M

August 27, 2009

1 Min Read

CAMBRIDGE, U.K. -- ANT (LSE AIM: ANTP), a leading provider of software and services for the delivery of digital TV, is pleased to announce its unaudited interim results for the six months ended 30 June 2009.

Financial Highlights

  • Revenue increased by 26% to £2.0m (H1 2008: £1.6m)

  • Licence and royalty revenue increased by 36% to £1.6m (H1 2008: £1.2m)

  • Gross margin maintained at 83% (H1 2008: 82%)

  • Loss from operations reduced by 11% to £0.9m (H1 2008: £1.0m)

  • Cash and cash equivalents £5.1m (30 June 2008: £5.9m)

  • Cash outflow £0.6m (H1 2008: £0.3m)

  • EPS (0.04)p (H1 2008: (0.04)p)

Operational Highlights

  • Unit shipments increased by 8% to 1.6 million (H1 2008: 1.5 million)

  • 7 new licences won (H1 2008: 7)

  • Continued contribution to industry standard bodies and forums

  • Expansion into the Satellite TV sector through landmark licence deal with Arab Media Corporation

Simon Woodward, CEO of ANT, commented:

"We are pleased to report steady progress in the traditionally weaker first half of the year, achieving revenue and unit shipment growth against a backdrop of challenging economic conditions. The highlight of the period was the signing of the landmark licence deal with Arab Media Corporation, ANT's first tier one satellite TV operator. Such evidence of the growing interest in our Galio products from mainstream TV operators, combined with the support of our extensive customer base, gives us confidence in the continued positive development of the Group."

ANT plc

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