Published on: June 6, 2019
FY 19E on track
Amino’s trading update for the six months ending May 2019 confirms that the group is currently on track to deliver its expectations for FY 19E. The business is traditionally seasonally-weighted towards the second half, so with H1 19 revenues of approximately $35m and a closing net cash position of $19.3m, we believe our FY 19E forecasts of $70.7m and $23.6m respectively to be achievable. We leave estimates unchanged following the release, but believe the commercial progress delivered during H1 and the successful completion of the transformation programme give further grounds for optimism in the outlook.
