Amino Technologies has warned of a second half loss in an update on trading ahead of the close of its financial year on 30 November.
"Whilst operational progress during the second half of the year has been solid, due to order slippage and component shortages the Board now expects that its financial performance for FY 2009 will be significantly below market expectations and anticipates posting a material loss in H2," said the company.
According 
to the Cambridge-based internet platform developer, a number of factors have combined during the half year mean that it expects financial performance to be below expectations.
"First, orders that we had expected to close in the period have not closed and we are now looking to close them in FY 2010. Secondly, fulfilling booked orders has proved challenging due to component shortages at our suppliers which is likely to prevent us completing those orders 
and recognising the revenue in this financial year," said Amino.
Amino has been managing the transition from MPEG-2 to MPEG-4 product technologies and so sales are now predominantly MPEG-4 and that the transition is all but complete.
"This means that H2 2009 will be one of the best periods for order intake since the Company's inception. This was supported by a number of important competitive wins of which Tele2 in Europe and Pioneer in North America have already been announced," said the company.
The Company said it had reduced its cost base during the half and plans to reduce the 2010 financial year cash operating cost base by over £3m compared to the current year.
"2009 has been a disappointing year financially, against a backdrop of turbulent and difficult trading conditions for our customers. However, we exit the year in better shape than at the half year as a leaner and more focused company that is better positioned to capitalise on the transition to IP-connected devices in the home," said Keith Todd, Amino non-executive chairman.