The Amino Technologies Board recommends a full year dividend of 7.32 GBP pence per share. The Board intends to maintain this for the coming financial year.
Other financial highlights include:
Improved quality of earnings after a year of transition
o Software and Services revenues up 41% and comprise 17% of total revenue (FY18: 11%)
o Recurring revenues up 44%. Exit Annual Recurring Run Rate revenue of $9.5m (FY18: $5.1m)
o Group revenues ahead of market forecasts but down 13% reflecting planned move away from lower margin, commoditised hardware revenues
Strong cash performance:
o Adjusted operating cash flow up 22% to $17.2m
o Net cash position maintained after the impact of the acquisition of 24i (cash consideration paid of $17.8m and net debt acquired of $2.7m) and dividend payments of $6.9m
