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Small Cap round-up: Vislink, Source BioScience, Alliance Pharma..........

Wed, 24th Mar 2010 18:43

New chief executive Duncan Lewis has restructured Vislink's operations so they are based on customer sectors rather than technologies. The core news and entertainment division reported much lower revenues as its major US contract came to an end. The law enforcement division is benefiting from increased spending on surveillance equipment and the marine division is gaining work onshore. Revenues fell from £101m to £94.7m in 2009. The underlying operating profit declined by two-fifths to £5.22m and pre-tax profit slumped from £8.77m to £4.75m. The dividend is unchanged at 1.25p a share. Net cash was £611,000 at the end of 2009. Capitalised development spending increased from £2.95m to £3.2m. The order book was worth £20.3m at the end of 2009. Cost savings will help profits to recover this year. Evolution forecasts that profits will improve to £8.6m in 2010. Asia and the Middle East provide the most opportunities. Vislink is ready to make acquisitions and they are likely to be in Asia so that the company has a base in the region. Healthcare and life sciences services provider Source BioScience moved into profit in 2009. There was a swing from a loss of £300,000 to a profit of £200,000 on revenues that were 11% higher at £12.7m. All three divisions made a positive contribution in the year. Source is investing in DNA sequencing equipment and expects this to be a growth area. The outsourced pharma services operation made its first profit. Alliance Pharma reported a 44% increase in revenues to £31.2m in 2009 thanks to a combination of organic and acquisitive growth. Pre-exceptional profits jumped from £2.4m to £8.6m, although that doesn't include a £2.8m write-off mainly relating to the capitalised development costs of a drug. Alliance specialises in mature drugs and treatments which have a solid revenue base. Some of its drugs are more than 50 years old but they still have significant revenues. The recent purchase of Cambridge Laboratories for up to £16.4m has added cancer drugs to the portfolio. A much-improved second half performance helped eg solutions to return to profit in the year to January 2010. The operations management software supplier reported a 13% increase in revenues to £4.15m. A loss of £753,000 was turned into a profit of £99,000 in 2009. Higher gross margins and cost cutting were behind the improvement. More software licences were sold in the most recent period. Weak construction demand has hit trading at quantity surveyor Baqus and although work is being won it is at lower margins than in the past. The order book is flat at £8m. Management had already warned that the interim figures would be disappointing. Revenues fell from £3.98m to £3.85m in the six months to December 2009. A profit of £365,000 has turned into a loss of £470,000, including an exceptional charge for redundancies and office closures.
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16 Feb 2017 09:19

EG Solutions Wins GBP692,000 Public Sector Software Contract

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16 Feb 2017 09:16

EG Solutions wins £692,000 public sector contract

(ShareCast News) - Shares soared in EG Solutions after the back office technology company said it had won a £692,000 contract to implement its operational intelligence software within the public sector. The contract was won in partnership with the provider of the EG's managed cloud service platform,

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13 Feb 2017 10:02

EG Solutions on the up as full-year revenue to be in line with expectations

(ShareCast News) - Shares in EG Solutions soared on Monday as the back office software company anticipates that revenue for the year will be in line with expectations after the implementation of its strategy to profitably scale the business. At the beginning of the second half of the year, the compa

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13 Feb 2017 07:55

EG Solutions Full-Year Results To Be In Line With Market Expectations

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3 Jan 2017 08:07

EG Solutions announces CFO resigns from Aspect Software

(ShareCast News) - Bob Krakauer resigned as chief financial officer of US firm Aspect Software, the partner of AIM-listed EG Solutions, a back office workforce optimisation company, on Tuesday. EG Solutions said that Krakauer will remain on the board of the company as a non-executive director "in li

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15 Nov 2016 08:28

EG Solutions wins £1.3m contract with retail energy supplier

(ShareCast News) - Back-office software company EG Solutions has won its first mobile and multilingual contract with a retail energy company, worth £1.3m. The AIM-listed company will implement its EG operational intelligence software and EG mobile product across 500 back office, call centres and sal

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18 Aug 2016 13:55

EG Solutions partner secures $1m contract

(ShareCast News) - AIM-listed EG Solutions said on Thursday that its partner Aspect Software Inc. has closed a three-year contract with an unnamed social networking corporation to supply EG's back office optimisation software. The initial contract is valued at $1m, with up to 4,000 licences being

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4 Jul 2016 12:30

Michael Woolley appointed CFO of EG Solutions

(ShareCast News) - Michael Woolley has been appointed chief financial officer of optimisation software company EG Solutions with immediate effect. Woolley, 29, joined EG in November 2014 from Pets at Home, where he was senior management accountant and was involved in the company's initial public off

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4 Jul 2016 07:23

EG Solutions Promotes Michael Woolley To Chief Financial Officer

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13 Jun 2016 07:14

Four EG Solution Directors Resign, Nigel Payne To Takeover As Chairman

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9 Jun 2016 08:03

EG Solutions Affirms Profit Guidance But First Half To Miss Guidance

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26 May 2016 13:18

Eg Solutions Says Strategic Partner Emerges From Bankruptcy

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16 May 2016 15:10

AGM, EGM Calendar - Week Ahead

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23 Mar 2016 10:20

EG Solutions Stays In Profit Despite More Sales And Marketing Spending

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16 Mar 2016 16:06

Earnings, Trading Statements Calendar - Week Ahead

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