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Pin to quick picksSrt Marine Sys. Share News (SRT)

Share Price Information for Srt Marine Sys. (SRT)

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Share Price: 24.00
Bid: 23.00
Ask: 25.00
Change: 0.00 (0.00%)
Spread: 2.00 (8.696%)
Open: 24.00
High: 24.00
Low: 23.50
Prev. Close: 24.00
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SRT Marine Systems narrows loss as transceiver sales expand

Wed, 03rd Oct 2018 09:26

(Sharecast News) - Maritime technology developer SRT Marine Systems saw first-half revenue increase 9% to £3.2m as the firm's transceiver division drove sales.The jump in revenue resulted in a reduced loss before tax of £1.4m for the six-month period ended 30 September, down from a £1.8m loss in the same period last year, while the company ended the period with £1.4m in cash.Simon Tucker, chief executive of SRT, said: "I am very pleased with the operational progress made during the first half which has prepared SRT for the significant project business that we expect during the coming months. The transceiver business has now recovered from the stock shortages earlier in the year."While the transceiver business, which supplies stand-alone AIS (automatic identification system) transceivers to vessel owners and other buyers, drove success, the systems division did not complete any objectives or contribute significantly to profits or revenue during the period.The division provides buyers such as coast guards and fishery authorities with maritime surveillance systems."Whilst I would have preferred our systems business to have delivered milestones and thus material revenues during the first half of the year we have a number of significant contract opportunities in Asia, Middle East and South America on which we are working closely with the end customer and local partners to progress," said Tucker.The company's board expects to see continued growth from the transceiver business in the second half of the year, while the systems business could achieve a number of milestones and make a financial contribution.SRT's shares were unchanged at 25.25p at 0935 BST.
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2 Jun 2014 09:30

Software Radio Technology Receives Order For 410 AIS Transceivers

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14 Apr 2014 16:26

Software Radio Tech signs deal for new technology

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14 Apr 2014 08:28

Software Radio Technology Inks Agreement With ExactEarth

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2 Apr 2014 11:18

Software Radio Technology losses at lower end of guidance

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2 Apr 2014 09:42

Software Radio Tech Expects Full Year Loss, Wins USD6.75 Million Order

LONDON (Alliance News) - Software Radio Technology PLC said Wednesday that it expects to post a pretax loss for the year ended March 31, 2014, as slow roll-out of commercial mandates in the EU and US hit its core business. In a separate statement it also announced an order win worth USD6.75

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3 Mar 2014 11:07

Software Radio Technology Inks Deal For Customised Transceivers

LONDON (Alliance News) - Software Radio Technology PLC said Monday that it had signed an original equipment agreement with an Asia-based company for its Aid to Navigation transceivers. Software Radio Tech develops and produces identification and tracking devices for the marine industry.

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27 Jan 2014 08:36

Software Radio Technology Warns On Order Timing

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15 Jan 2014 10:48

Software Radio Technology Secures Deal For 3D Visualisation Software

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Tuesday broker round-up UPDATE

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Software Radio non-exec stocks up as group looks ahead with confidence

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14 Oct 2013 12:07

DIRECTOR'S DEALINGS: Software Radio Technology Director Acquires Shares

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