Digital TV software supplier ANT halved its loss in 2008.
ANT’s software goes in set-top boxes. The digital and interactive TV markets are growing and ANT appears to be at least keeping pace with this growth. ANT signed 14 additional licences in 2008 and has already secured another two in 2009.
Revenues improved from £2.91m to £3.74m, while losses fell from £2.02m to £1.01m. ANT shipped 3.2m units - 56% ahead of last year.
Research & development spending is edging upwards as ANT keeps up with technological progress.
House broker Arbuthnot reckons that ANT will move into profit in 2011. ANT already has tax losses totalling £10.6m.
Shares in ANT rose 1p to 26p each, which values the company at £6.31m. There is £5.65m cash in the balance sheet, although that is forecast to fall to £4.2m at the end of 2009.
Chief executive Simon Woodward exercised options over 60,000 shares at 0.005p each.
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