| CATEGORY: SMALL CAPS NEWS SECTOR: TECHNOLOGY HARDWARE & EQUIPMENT |
Vislink issues profit warning |
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Tue 08 Dec 2009
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LONDON (SHARECAST) - Secure communications specialist Vislink said delays in customers orders means the group will not meet the levels of revenue originally anticipated for 2009.
It expects there will be a revenue shortfall of between £5.0m and £7.5m as customers delay placing big orders but says it remains confident about its prospects in 2010.
Operating profit will also be proportionately lower by our gross margin percentage, the group said.
It added that in both the N&E and LE&PS markets there has been a significant amount of contract slippage.
Looking ahead Vislink said it would continue to invest in sales and product development, and in systems to reduce costs and improve service.
"We will be leaving 2009 with a reduced cost base and accelerating growth in our chosen sectors as we focus our resources more effectively."
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