SRT Marine Systems (SRT)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

30.13p
   
  • Change Today:
      0.13p
  • 52 Week High: 68.00
  • 52 Week Low: 29.33
  • Currency: UK Pounds
  • Shares Issued: 222.63m
  • Volume: 88,078
  • Market Cap: £67.07m
  • 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 30.13p
Change Today 0.13p
% Change 0.42 %
52 Week High 68.00
52 Week Low 29.33
Volume 88,078
Shares Issued 222.63m
Market Cap £67.07m
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
51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average51.89% below the market average
44% below the sector average44% below the sector average44% below the sector average44% below the sector average44% below the sector average
Income Not Available
Growth
58.87% above the market average58.87% above the market average58.87% above the market average58.87% above the market average58.87% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average

SRT Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
12:14 7,475 @ 30.04p
11:59 8,832 @ 30.04p
11:39 1 @ 30.90p
11:23 9,985 @ 30.04p
10:17 10,000 @ 29.50p

SRT Key Personnel

CEO Simon Richard Tucker
COO Neil Peniket
CFO Richard Hurd

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