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(Sharecast News) - Business-to-business video streaming solutions company Aferian now expects to report full-year revenues of approximately $31.5m for FY25, up 20% year-on-year.
Aferian said the revenue growth was a result of "strong sales execution" in its Amino business unit, which resulted in higher order volumes from existing PayTV customers as well as new deployments in Enterprise and Digital Signage. Additionally, Aferian said it had received "slightly higher levels of advance orders" from Amino customers for FY26 when compared to the same point last year.
In its 24i unit, although Aferian said FY25 haf seen customer attrition, product innovation, including enhancements to the 24i video cloud, had resulted in new customer wins in FY25, significantly strengthening its sales pipeline.
As of 30 November, net debt sat at $16m including a $2.1m loan arranged by its largest shareholder, Kestrel Partners. Aferian added that both cash flow and working capital continued to be "carefully managed" within its facilities.
As of 1015 GMT, Aferian shares were up 2.22% at 1.79p.
Reporting by Iain Gilbert at Sharecast.com
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