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SimiGon Ltd

  • BY: Andrew Hore |
  • POSTED: 30/07/2017 |

A delayed contract means that simulation training services provider SimiGon Ltd will make an interim loss.

A contract with the Israel Air Force continues to be delayed and this means that $800,000 of expected revenues did not get recognised in the first half. Interim revenues were $2m and the loss was $600,000.

Cash balances were more than $8m at the end of June 2017.

There are more than $21m of contracted revenues over ten years. Recurring revenues of more than $5m have been secured for 2018.

The share price has slipped to 19p.

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