News blog

ANT

  • BY: Andrew Hore |
  • POSTED: 23/08/2012 |

Following the recent departure of chief executive Simon Woodward IPTV technology firm ANT has revealed that full year revenues and profit will be lower than expected.

The shares fell 12% to 16p a share, valuing ANT at 3.89m.

Interim revenues will be higher than the 2.14m reported in the first half of 2011. There was a significant royalty payment in the first half.

However, licence revenues are significantly lower and this has been exacerbated by higher costs relating to a major contract.

There was 4.24m in the bank at the end of 2011 but this will have been reduced by cash flowing out of the business in the first half.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFAugust2012_35.pdf

© 2021 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds