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SerVision
- BY: Andrew Hore |
- POSTED: 13/06/2008 |
Remote video surveillance products designer SerVision says 2007 revenues will be in the region of $4.1m.
That is up from $3.5m in 2006. The loss is expected to fall sharply from $2.8m to around $1.5m but this is higher than forecast. The second half turnover will be around $1.6m and the loss $1m. At the end of June 2007, there was net bank debt of $706,000 and a $941,000 loan from the Office of the Chief Scientist in Israel. In July, SerVision raised around £560,000 which would have more than covered the bank debt but the loss since then will have led to further cash outflows.
This year has started well and there is a healthy indicative order book.
The results will be released before the end of June deadline for figures for the year to December 2007.
The shares rose 0.25p to 18.5p, valuing SerVision at £4.58m.
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