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

Share Price Information for Srt Marine Sys. (SRT)

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Trading Update

5 Apr 2013 07:00

RNS Number : 6349B
Software Radio Technology PLC
05 April 2013
 



SOFTWARE RADIO TECHNOLOGY PLC

("SRT" or the "Company")

Trading Update

SRT is pleased to announce that results for the year ended 31 March 2013 are expected to be ahead of market expectations with revenue increasing 60% year on year to £10 million. EBITDA and profit after tax are expected, subject to audit, to be approximately £2.2 million and £1.5 million respectively. The year end cash position was £1.5 million.

During the year, SRT continued to invest heavily in new product development, launching a new product on average every 12 weeks. This has included the Aids to Navigation product which has been well received by the market and is now in production. In parallel the Company has expanded its global customer network to over 90 partners who are in turn addressing an ever wider range of market opportunities.

Simon Tucker, SRT CEO said: "Our years of technology, customer and market investments have placed SRT at the hub of the global automatic identification system (AIS) market. As demand for AIS functionality, and therefore products, expands we are now seeing this reflected in our financial performance. I believe we are at the beginning of this growth path and our financial performance for the year just ended provides a strong platform."

The Company would also like to advise of the following investor events timetable:

Wednesday 17 April 2013 at 7:30 a.m. - Simon Tucker will hold a live web cast and answer investor questions. A further announcement providing details will be made in due course.

Tuesday 11 June 2013 - SRT will publish its final results for the year ended 31 March 2013.

Tuesday 2 July 2013 at 11.00 a.m. - SRT will hold its AGM at its offices in Somerset.

Details of all investor events will be provided in the investors section of our web site from Monday 8 April. www.softwarerad.com 

 

Contacts:

Software Radio Technology plc

Simon Tucker, Chief Executive Officer

+44 (0) 1761 409 500

simon.tucker@softwarerad.com

WH Ireland Limited

Tim Feather

+44 (0) 20 7220 1666

Allerton Communications Limited

Peter Curtain

+44 (0) 20 3137 2500

 

 

About SRT:

Software Radio Technology plc develops advanced radio communications technologies which are used to create enabling modules and OEM products. SRT Marine Technology Limited focuses on VHF and AIS technologies for use in navigation and homeland security identification and tracking applications. SRT Marine Technology provides its solutions in a variety of customisable module and OEM product formats.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTSSUFWLFDSEFL
Date   Source Headline
24th Apr 20249:48 amRNSResponse to reports in Philippine press
8th Mar 20247:00 amRNSChange of Year End and Business Update
16th Jan 20244:37 pmRNSHolding(s) in Company
16th Jan 202411:00 amRNSHolding(s) in Company
15th Jan 202411:41 amRNSResult of General Meeting and Total Voting Rights
12th Jan 20241:01 pmRNSLive Webcast 8:00am Thursday 18th January 2024
29th Dec 20237:00 amRNSHolding(s) in Company
28th Dec 20231:41 pmRNSHolding(s) in Company
28th Dec 20231:00 pmRNSResult of Retail Offer
22nd Dec 20231:08 pmRNSPosting of Circular, Notice of GM and TVR
21st Dec 20237:01 amRNSRetail Offer
21st Dec 20237:00 amRNSSubscription, Placing and Retail Offer
12th Dec 20234:24 pmRNSIssue of Equity & Total Voting Rights
4th Dec 202310:05 amRNSIssue of Equity & Total Voting Rights
20th Nov 20237:00 amRNSHalf-year Report
15th Nov 202312:31 pmRNSIssue of Equity & Total Voting Rights
6th Oct 20237:00 amRNSHalf Year Trading Update
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12th Sep 202310:26 amRNSIssue of Equity & Total Voting Rights
29th Aug 20234:40 pmRNSIssue of Equity & Total Voting Rights
27th Jul 20237:00 amRNSFinal Results
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26th Jun 20235:30 pmRNSResult of PrimaryBid Offer, Director Dealing & TVR
23rd Jun 20233:47 pmRNSResult of Placing
23rd Jun 20237:01 amRNSPrimaryBid Offer
23rd Jun 20237:00 amRNSProposed Fundraising to raise up to £3.95 million
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18th Apr 20237:00 amRNSIssue of Equity & Total Voting Rights
3rd Apr 20237:00 amRNSNew Distributor Agreement
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20th Feb 20232:25 pmRNSIssue of Equity & Total Voting Rights
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11th Nov 202212:00 pmRNSRetail Investor Presentation
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