Looking good9 Mar 2016 08:55
With gross margins of about 50% and an order book of approx £200m (according to interim results to Sept 2015) this company is looking good. It would seem that today's contract of £70m is part of that order book of validated sales opportunities...so the company is delivering which will impress the market. As Chairman Simon Rogers said, 'SRT has evolved into an established international company. As a result of many years of accumulated investment in technology, products, customers and markets, SRT has become the dominant player in the global market for all things AIS. AIS has become globally adopted by authorities as an integral element of their maritime domain awareness strategies, plans and projects. This position has taken considerable time, investment and strategic decision making to attain, but as can be seen from this report, with a £3.6 million order book, plus multiple additional validated future revenue opportunities, we can look forward positively and optimistically to the second half of this financial year and the years ahead.'