Tracsis hinges hopes for in-line FY on timely conversion of new sales

(ShareCast News) - Shares in Tracsis fell more than 12% as it said its hopes for an in line full-year outcome hinged on the timely conversion of new sales for its various software products and services.This would need to be supported by the initiatives to improve gross margin, which began at the start of the financial year."Delivery of these goals will result in revenues and profits being in line with current expectations and we will provide a further update with our Interim Results.The group's strategy of growth via organic and acquisitive growth was unchanged, and so too did the key market drivers within the traffic and transport markets which remain positive.Tracsis added that due to the timing of anticipated software sales and the high seasonality inherent in some parts of the group, the second half was expected to be significantly stronger than the first.Group revenues for the six months to 31 January were up about £15.5m, from £13.1m. It anticipated EBITDA to be slightly ahead of the previous period, as was adjusted pretax profit.At 12:52 GMT, shares in AIM-quoted Tracsis were down 12.9% to 405p each.