26 Feb 2015 17:03
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Digital Barriers Information
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Don't have an account? Click here to register.Losses at Digital Barriers above forecasts
Tue, 02nd Apr 2013 08:05
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 contract by an existing UK-based customer for the provision of an integrated technology solution that includes its TVI video products, ThruVision passive screening products and OmniPerception facial recognition products.Meanwhile, Singapore's SingTel has selected the company's TVI technology as the delivery platform for its new Video Surveillance-as-a-Service offering.However, in a pre-close trading update for the year to March 31st, Digital Barriers said that operating losses will be slightly above the £6.8m forecast as margins have fallen and higher investment.The firm said that it has seen some delays to sales closures in the US due to federal budget uncertainty and sequestration, which have resulted in a different mix of revenues across the group and therefore lower margins.Meanwhile, the company said that a growing global sales pipeline has meant a higher investment in demonstration stock and this, along with one-off write downs on fixed assets within acquired businesses, has increased depreciation.The company said: "With Digital Barriers' unique technology solutions delivering strong, international sales momentum the outlook for the group remains positive. The board remains comfortable with current market expectations for the financial year ending March 2014 thanks to this ongoing strong sales momentum."
More News
26 Feb 2015 11:52
26 Feb 2015 11:24
Digital Barriers tanks on warning of wider losses
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 m
Read more8 Dec 2014 14:30
Digital Barrier secures three new contracts
Surveillance technology company Digital Barriers on Monday announced three new contracts worth £1.5m. The group won a contract of £0.75m with an Asia Pacific company and another with a commercial organisation worth £0.18m for its surveillance platform. Digital Barriers also announced it is investin
Read more28 May 2014 10:10
Digital Barriers Reiterates Break Even Goal Despite Widened Loss
LONDON (Alliance News) - Digital Barriers PLC Wednesday reiterated its goal to move towards break-even in the current financial year, despite posting a widened pretax loss in the previous year to end-March. Digital Barriers, which produces surveillance technologies for the security and defe
Read more27 May 2014 08:43
Digital Barriers Wins USD1.2 Million Contract With US Law Enforcement
LONDON (Alliance News) - Digital Barriers PLC said Tuesday that it had won a USD1.2 million contract to supply its high-definition video-surveillance technology to a US federal law enforcement agency. The company expects the contract to be fulfilled during the year and lead to "material" ad
Read more27 May 2014 07:56
Digital Barriers signs contract with US federal agency
Surveillance technologies provider Digital Barriers has secured a contract to supply its TVI high definition surveillance technology to a US federal law enforcement agency for 1.2m dollars. Additional sales with the same customer and other law enforcement agencies are now expected from what the fir
Read more22 May 2014 10:55
Digital Barriers Wins African Government Project
LONDON (Alliance News) - Digital Barriers PLC said Thursday that it has deployed its fully integrated Unattended Ground Sensor tool with a new African government customer to protect a high-profile government location. The advanced surveillance technologies company which serves the security
Read more4 Apr 2014 09:40
Digital Barriers Revenues Fall But Contract Wins To Boost Year Ahead
LONDON (Alliance News) - Digital Barriers PLC Friday said it expects revenues for the financial year just ended to be lower than the previous year, hit by revenue declines in its non-core areas, but it gave a confident outlook for the year ahead, as it benefits from recent contract awards and sal
Read more27 Feb 2014 14:38
UK MIDDAY BRIEFING: Shareholder Payouts Rise As Recovery Takes Hold
LONDON (Alliance News) - A large number of companies resumed or hiked shareholder payouts on the biggest day of the UK earnings season Thursday, as earnings generally headed higher thanks to the gradual economic recovery in 2013.
Housebuilders Barratt Developments and Redrow both re
27 Feb 2014 12:12
UK WINNERS & LOSERS: RBS Shares Fall 8.7% As It Records Wider Loss
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
Capita, up 5%. The British outsourcing company said its 2013 pretax pro