27th Jan 2014 08:36
LONDON (Alliance News) - Software Radio Technology PLC Monday said it doesn't yet know whether it will make a profit or a loss in the current financial year because it still can't predict the timing of some major orders.
In a statement, the company said its current expectation for revenues for the financial year to end-March is between GBP6 million and GBP13 million, meaning it could make anywhere from a loss of GBP1.5 million to a profit of GBP2.5 million.
"The orders in question primarily relate to a subset of the many projects now being addressed by our customers, each of which requires the deployment of significant numbers of AIS transceivers,2 the company said. "The projects in question have largely progressed as expected and reached their implementation phase."
"However, the exact timing of orders from the end customer, and therefore from our customer to SRT, remains unpredictable," it warned. "The company therefore believes that there is a risk that the relevant orders and shipments may fall either side of the financial year end."
Software Radio Tech's shares were down 7.4% at 22.00 pence early Monday.
By Steve McGrath; [email protected]; @SteveMcGrath1
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