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Digital Barriers tanks on warning of wider losses

Thu, 26th Feb 2015 11:24

Defence group Digital Barriers tanked on Thursday, after the company warned losses for the year would be wider than forecast.Although revenues for the year to 31 March should be higher than the £19m reported last time, they will be lower than management had previously guided due to a delay in two major contracts.Consequently, losses are set to be wider than forecast, though they'll be narrower than the £12m reported last year."It is frustrating that the timing of sales closures has impacted our performance this year," said chief executive Zak Doffman"Our focus now is to turn modest initial sales into material follow-on sales from next year."The group also announced a pair of new contracts had been clinched, including a £1m deal to supply its TVI video surveillance technology to an undisclosed customer with an option for an additional £3.5m over the next two years.The AIM-listed company has also won a £500,000 follow-on deal with a unspecified international energy company.Both contracts are expected to be delivered in the first half of the coming financial year and the company said it remained on the right long-term course.Digital Barriers shares were down 20% to 40.00p at 11:48 on Thursday.
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6 Jan 2017 07:50

Digital Barriers wins two contracts worth $7m

(ShareCast News) - Digital Barriers, a specialist provider of visually intelligent solutions, has been awarded two contracts with a total value of $7m. The first contract, valued at $6m, is for delivery in the first half of the next financial year and is with a "major" US Federal law enforcement

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19 Dec 2016 07:49

Digital Barriers wins $2m Middle East deal for 'threat detection' camera

(ShareCast News) - Digital Barriers, a provider of security solutions, has inked a $2.1m deal for its threat detection camera technology, ThruVis, with an undisclosed client in the Middle East. The multi-year deal, which will start in the current financial year, will see the AIM-listed company suppl

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1 Dec 2016 08:22

Digital Barriers wins contracts across APAC, EMEA worth £1.75m

(ShareCast News) - Security software developer Digital Barriers has won contracts across Asia Pacific, Europe, and the Middle East worth £1.75m. The contracts includes the first major multi-year deal for its recently launched body-worn video surveillance product with a law enforcement agency in t

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22 Nov 2016 16:20

UK Earnings, Trading Statements Calendar - Next 7 Days

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18 Oct 2016 08:19

Digital Barriers Agrees GBP10 Million, Two-Year Facility With Investec

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12 Oct 2016 08:49

Digital Barriers flags strong half-year as it signs another US contract

(ShareCast News) - Surveillance, security and safety visual intelligence company Digital Barriers posted an update on trading for the six months to 30 September on Wednesday, and also announced the award of a contract with a US government agency to begin implementing its ThruVis technology for publi

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10 Oct 2016 09:06

Digital Barriers agrees video technology partnership with G4S

(ShareCast News) - Software developer Digital Barriers' has agreed a partnership with security services giant G4S for its ThruVis camera technology, which is designed to detect threats concealed under clothing such as weapons or explosives. As part of the agreement, G4S will offer Digital Barriers'

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14 Sep 2016 12:42

Digital Barriers secures $2.2m contract with US agency

(ShareCast News) - AIM-listed security and surveillance company Digital Barriers has secured a $2.2m contract to provide its EdgeVis Live advanced wireless surveillance technology to a flagship US Federal law enforcement agency. The revenue associated with the contract is expected to be fully recogn

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14 Sep 2016 07:39

Digital Barriers Wins USD2.2 Million Contract For US Law Enforcement

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27 Jun 2016 10:06

Digital Barriers Positioned For Profit In Current Year As Loss Narrows

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1 Apr 2016 11:40

Digital Barriers shedding Services division

(ShareCast News) - Digital Barriers was set to shed its loss-making Services business on Thursday, announcing it was divesting it to management. The AIM-traded company's board had indicated on 11 December last year that it no longer believed the Services division was strategic to the group's future.

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1 Apr 2016 08:29

Digital Barriers To Take GBP3.5 Million Hit As It Sells Services Unit

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15 Mar 2016 08:23

Digital Barriers Wins USD5.9 Million Deal With US Federal Agency

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29 Feb 2016 08:50

Digital Barriers Wins Video Surveillance Deal In Saudi Arabia

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30 Dec 2015 08:41

DIRECTOR DEALINGS: Digital Barriers Directors Take Part In Placing

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