ANT reported a 61% increase in interim revenues.
The digital media software provider’s revenues rose from £995,000 to £1.61m in the six months to June 2008. There were 1.51m set top boxes using ANT software shipped in the first half. The loss was halved to £1.01m.
Seven new licences were signed in the period. These contributed initial fees but the main revenues haven’t come through yet.
ANT was successful in conserving its cash resources and they stood at £5.9m at the end of June – equivalent to 24p a share. There will be a further cash outflow in the second half.
ANT shares rose 2p to 34.5p each, valuing the company at £8.38m.
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