Shares digital

Amino Technologies (AMO:AIM) – Finals PTP: £1.4m (-£1.6m) Divi: n/a (n/a)

The Cambridge-based set-top box designer bounced back into the black to the tune of £1.4 million last year, after losses of £1.6 million in 2006. This was on the back of a 27% increase in sales to £32.3 million and thanks to a reduction in costs. The balance sheet is healthy, with net cash increased by £3.1 million to £17 million. The bulk of revenues came from the the established MPEG-2 but the newer MPEG-4 products have started to contribute to sales. The company is well positioned in the Internet Protocol TV market with tier 2 and 3 telecom companies. However, the market is still at early stages and the group needs to develop its MPEG 4 products further. Breaking into the tier 1 telecom arena is the key objective.

Shares says: A good sign of progress, and the shares are on an attractive PE of just 10.

by: Carlo Svaluto