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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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27 Feb 2014 11:35

Digital Barriers Shares Slide As It Warns Of 40% Wider Loss

LONDON (Alliance News) - Shares in Digital Barriers PLC slid 18% Thursday morning after it warned that its full-year pretax loss will be around 40% wider than the previous year, as revenue is expected to drop "slightly". Revenue has been hit by delays in procuring customers and in releasing

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27 Feb 2014 10:57

STOCKS NEWS EUROPE-UK small caps dip 0.3 percent, outperform FTSE

The FTSE small cap index and junior-listed AIM shares fall 0.3 percent, outperforming the mid-caps, down 0.4 percent, and the blue chips, down 0.9 percent. Surveillance tech firm Digital Barriers drops 17.7 percent to 116.5 pence after saying that delays to completing some deals will cause

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27 Feb 2014 09:55

Thursday broker round-up UPDATE

Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr

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28 Nov 2013 13:44

Digital Barriers Says Moving Toward Break-Even, Despite Wider Pretax Loss

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28 Nov 2013 12:27

CORRECT: AIM IN BRIEF: Herstal Emerges As Favourite To Acquire Manroy

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28 Nov 2013 08:22

AIM IN BRIEF: Beretta Emerges As Favourite To Acquire Manroy

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4 Nov 2013 13:08

DIRECTOR DEALINGS: Digital Barriers Directors Acquire 294,998 Placing Shares

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25 Oct 2013 08:10

Digital Barriers Gets Asia Pacific Transportation Contract

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25 Oct 2013 07:40

Digital Barriers bags Asia Pacific video management contract

Surveillance technologies group Digital Barriers said it has sold its first video management solution into a major public transportation network, with an initial contract worth 0.75m pounds, from a flagship Asia Pacific government customer. Digital Barriers, which provides surveillance technologie

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7 Oct 2013 08:21

Digital Barriers Says Half-Year Revenues Boosted By Increased Exports

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25 Sep 2013 09:26

Digital Barriers Awarded Two Ground Sensor Contracts

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6 Aug 2013 08:36

Digital Barriers shakes hands on deal with BT

Digital Barriers, a company which develops security and defence technology, has signed a contract with BT's monitored communications services business. Under the deal, BT Redcare, which is the UK's largest CCTV surveillance infrastructure and alarm signalling provider, will offer Digital Barriers'

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2 Apr 2013 08:05

Losses at Digital Barriers above forecasts

Surveillance technologies firm Digital Barriers said that full-year revenues will be in line with market expectations as it announced a number of new contract awards. The AIM-listed company, which serves the international home security and defence markets, said that it has been awarded a £2.0m cont

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22 Feb 2013 16:09

New Premier Foods CEO opens account

Gavin Darby, the new Chief Executive Officer of Premier Foods, purchased 0.7m pounds-worth of shares on Thursday, the same day the debt-laden food manufacturer posted an increase full year underlying trading profit. The CEO, who was appointed to the role last month, bought 750,268 shares at 93.30p

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