Atomos Limited provided earning guidance for the fiscal year 2020. Delivering a strong first half 2020 result with revenue and pro forma EBITDA both up 35% to $32.6 million and $1.0 million respectively, AMS was on track to achieve similar growth rates and increased profitability for fiscal year 2020.

The Board has appointed Chris Tait to the role of Executive Chairman to oversee the Company as it moves through the COVID-19 restrictions and recovery and provide additional support to the executive team. For the period of his appointment to this role, his agreement with this Company has been amended to provide for his additional duties. Chris Tait, Executive Chairman, has been working closely over the past few months with the executive team during this complex and difficult period to appropriately adjust the cost base and optimise operational efficiency of the Company in response to the COVID-19 pandemic. Chris has agreed to move to the role of Executive Chairman to lead the business and provide additional operational support, working closely with the executive team to oversee the business plans.