Last checked at 
LONDON (Alliance News) - Software Radio Technology PLC Tuesday said it expects to report a swing to a pretax loss for its recently ended first half, as revenue will be weighted towards its second half as a result of the timing of market demand.
The company, which provides maritime identification and tracking technologies, expects to reported a pretax loss of GBP700,000 for the half year to end-September, on revenue of GBP3.6 million. In the previous year it reported a pretax profit of GBP527,122 on revenue of GBP5.4 million.
Software Radio Tech's ended the half year with an order book of new orders to be delivered before end-March 2016 of GBP3.6 million.
"As expected, our revenues this year are second-half weighted due to market demand timing driven by mandates and projects in the USA, Middle East and Asia. During the second half we expect to fulfil our existing GBP3.6 million order book, as well as delivering against further expected orders from our day to day core business, mandates in the USA and Asia and existing and new projects from our validated pipeline. This places SRT in an excellent position to achieve a strong second half and thus overall financial performance this year," said Chief Executive Officer Simon Tucker in a statement.
Shares in Software Radio Technology were down 5.0% at 23.74 pence Tuesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
