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Software Radio Technology
- BY: Andrew Hore |
- POSTED: 19/12/2008 |
Software Radio Technology admits that its revenues will be well below expectations in the year to March 2009.
The marine track and personal mobile radio technology developer says the shortfall on the mobile radio side of the business. It blames a lack of orders and delays in receiving licence and royalty payments.
Management says that the mobile radio business is short of cash. SRT is talking to potential investors but the way the statement is phrased it appears that it may even consider getting out of the business.
Nominated broker Numis was expecting a £1.1m loss on revenues of £9.6m in the year to March 2009.
The shares fell 2.5p to 6p each, which values SRT at £5.87m.
Interim figures will be released before Christmas. How bad they are might be measured by how near to midday on Christmas Eve the results are reported.
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