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  • BY: Andrew Hore |
  • POSTED: 01/03/2010 |

IPTV integration software supplier ANT has reduced its loss in 2009 and should cut it further in 2010.

House broker Arbuthnot does not expect ANT to break even until 2011.

The 2009 loss of 627,000 was less than the 1m reported in 2008 and slightly lower than indicated in the trading statement in January. Revenues grew from 3.74m to 4.7m.

Licence deals signed in 2009 have helped ANT enter the high volume TV markets. These roll-outs will be in the second half of 2010.

At 31p a share, up 2p on the day, ANT is valued at 7.53m. It has 5m in cash. That should be enough to finance the business until it is expected to move into profit in 2012.

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