News blog
PeerTV
- BY: Andrew Hore |
- POSTED: 02/12/2011 |
Internet TV technology developer PeerTV says that progress is not being made as rapidly as hoped and cash is running short.
PeerTV says that there were limited sales in October and November and it is still working through past production problems.
Production of a certain chip has ceased and that means that PeerTV will not be able to launch a new Android-based settop box until the first quarter of 2012.
Sales of contract electronics manufacturer Digitek, which reversed into PeerTV earlier this year, has already generated more revenues than last year but trading has slowed in recent months. There are some benefits from moving some production and sourcing in-house.
At 12.5p a share, down 0.5p, PeerTV is valued at £5.43m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFNovember2011_26.pdf
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