SRT Marine Systems (SRT)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

43.50p
   
  • Change Today:
    -1.50p
  • 52 Week High: 48.00p
  • 52 Week Low: 17.00p
  • Currency: UK Pounds
  • Shares Issued: 222.63m
  • Volume: 280,433
  • Market Cap: £96.85m
  • RiskGrade: 240

SRT Marine sees FY pre-tax loss of £6.9m

By Iain Gilbert

Date: Tuesday 05 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Maritime surveillance provider SRT Marine Systems said on Tuesday that trading in the year ended 31 March was in line with market forecast expectations, with the group expecting to report a pre-tax loss of £6.9m.
Subject to audit, SRT expects to report full-year revenues of £8.2m as its transceivers business performed well during the period, but suffered from constrained production due to very inconsistent component supply, and its systems business made "good progress" with the development of its GeoVS platform.

However, SRT noted that "significant installation disruptions" caused by regular Covid restrictions had still impacted the group throughout the year and said it now expects to report a pre-tax loss of £6.9m.

Gross cash balances were £5.9m at year-end, following the successful closing of a £4.9m equity raise during March.

Chief executive Simon Tucker said: "This has been another challenging year and I am disappointed with the poor final financial result. However, I believe we have made best use of this time to improve our products and global distribution networks and where possible continue to develop customer relationships. These factors now combine with an improved sales outlook to provide a solid foundation for the year ahead to be significantly different."

As of 1050 BST, SRT Marine shares were down 3.57% at 33.27p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SRT Market Data

Currency UK Pounds
Share Price 43.50p
Change Today -1.50p
% Change -3.33 %
52 Week High 48.00p
52 Week Low 17.00p
Volume 280,433
Shares Issued 222.63m
Market Cap £96.85m
RiskGrade 240

SRT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average71.36% above the market average
84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average84.00% above the sector average
Income Not Available
Growth Not Available

SRT Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
16:16 64,000 @ 45.00p
16:25 3,950 @ 42.80p
16:24 1,487 @ 43.00p
16:16 1 @ 44.25p
15:56 2,000 @ 44.64p

SRT Key Personnel

CEO Simon Richard Tucker
COO Neil Peniket
CFO Richard Hurd

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