- Global video technology company, Atomos (AMS), reports $40.9 million in unaudited sales for the first half of the 2022 financial year, delivering on a $40 million guidance
- Sales have grown 25 per cent in comparison to the prior corresponding period
- The results reconfirm a $95 million revenue guidance for the 2022 financial year, and a 12 per cent to 15 per cent margin in earnings before interest, taxes, depreciation, and amortization
- AMS has scheduled the release of new products in the next 6 months
- Shares in Atomos are 14.3 per cent higher, trading at $1.12
Global video technology company, Atomos (AMS), has reported $40.9 million in unaudited sales for the first half of the 2022 financial year.
This is in line with the $40 million guidance provided at the company’s Annual General Meeting in November.
Sales have grown by 25 per cent in comparison to the prior corresponding period when the company raked in $32.8 million.
AMS Chief Executive Officer Estelle McGechie said she is happy with the results, but they didn’t come easy.
“I’m very pleased with the 25% growth in 1H’22 sales over the prior year period given the significant disruption to supply chains for many companies across the world,” she said.
“Our team has worked very hard to navigate these issues and our continued growth is a testament to that.”
The sales reconfirm revenue guidance of over $95 million for FY22, and a 12 per cent to 15 per cent margin in earnings before interest, taxes, depreciation, and amortization.
The guidance excludes approximately $1 million in operating expenses which the company expects to incur from a recent investment into Videogram, an online video platform.
Late last financial year, AMS released the Ninja V+ and Shinobi 7 on-camera monitor-recorders, as well as the AtomX CAST, which can be used to transform the Ninja V or V+ into an advanced multi-input switcher.
AMS says the products have shown continued strong momentum into FY22, which they hope to keep up with the release of new products over the next 6 months.
Shares in Atomos were 14.3 per cent higher, trading at $1.13 at 1:13 pm AEDT.