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Atlantic Global
- BY: Andrew Hore |
- POSTED: 22/12/2010 |
- COMMENTS: Add yours
Resource management software developer Atlantic Global says that a number of contracts have been deferred and that means it will lose up to £230,000 in 2010.
Turnover is expected to be less than the £1.4m achieved in 2009, which means that the second half figure will be lower than that achieved in the first half.
House broker Daniel Stewart had forecast a swing from a loss of £0.1m to a profit of £0.6m in 2010. It had forecast turnover of £2.4m.
Net cash should be above £2m at the end of 2010.
Atlantic Global goes into 2011 with more than £400,000 of recurring revenues.
At 15.5p a share, down 1p, Atlantic Global is valued at £3.48m. That is still higher than the share price at the time of the interims.
The 2010 figures will be announced in March.
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