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Amino Technologies completes transformation plan

Amino Technologies completes transformation plan

In February 2019 management at Amino Technologies (AMO) announced a transformation programme to increase the technology company’s focus on higher-margin opportunities and reduce costs. The latter part of that plan is now complete, with more than $5m (£4m) in annualised cost reductions, coming mainly from a 33 per cent cut in headcount across the research and development and general administration departments. As a result, Amino reported a pre-tax profit of $2.5m, compared with a loss of $0.1m in the first half last year, despite a 16 per cent decline in revenue to $34.6m.

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