Starcom says that 2019 performance was in line with expectations.
Revenues are expected to increase by 14% to $6.8m, but there will still be a small loss. Aprofit is possible next year.
The Lokies keyless padlock was launched last April and a Russian order has been received. Revenues of up to $2m are expected from this customer in 2020.
The Kylos air cargo tracking device has achieved certification from initial airlines and there is a possibility that Kylos will be integrated in the SmartCube product.
Getting paid and generating expected orders has always been a problem for Starcom. It is moving in the right direction.
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