News blog
Starcom
- BY: Andrew Hore |
- POSTED: 30/05/2017 |
Remote tracking and monitoring technology developer Starcom says that revenues in the first four months of this year are slightly behind budget.
Gross margin is better than expected. Management believes that orders normally lodged in the first quarter are being delayed until the second and third quarters. There should be an overall improvement in the full year figures but it will be second half weighted.
An office relocation and other overhead reductions should directly save £150,000 a year.
Existing products are garnering interest and Starcom is developing a tracking product for electric motor bikes.
The share price slipped 0.12p to 2.13p.
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