T42 Iot Tracking Solutions NPV (TRAC)

Sector:

IT Services

Index:

FTSE AIM All-Share

 3.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.00
  • 52 Week Low: 2.25
  • Currency: UK Pounds
  • Shares Issued: 55.13m
  • Volume: 0
  • Market Cap: £1.65m
  • RiskGrade: 1,622

Starcom EBITDA slides following delays to major order

By Iain Gilbert

Date: Friday 11 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Wireless tracking outfit Starcom expects full-year revenues to slightly exceed market expectations despite a delay in the delivery of a major order.
Starcom has seen delivery of a $1.1m initial order of its Helios Advanced units to a distributor in an unnamed North African country get pushed back from December into January, meaning that, assuming payment is received as promised, the roughly $900,000 hardware component of the order would be recognised in its 2019 results rather than in its 2018 financial statements.

However, the AIM-listed group did note that the $200,000 software related component of the order would be recognised in 2018.

Elsewhere, Starcom said revenues for 2018 were still expected to slightly exceed market expectations of $5.9m but noted that EBITDA was now set to simply breakeven - below market expectations of a $485,000 EBITDA but still a "significant" year-on-year improvement.

Starcom said: "Notwithstanding the issues concerning the North African order, the company's other business is progressing well, and the company expects continued growth in 2019."

As of 1015 GMT, Starcom shares had sunk 14.75% to 1.30p.

Email this article to a friend

or share it with one of these popular networks:


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.

 

TRAC Market Data

Currency UK Pounds
Share Price 3.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.00
52 Week Low 2.25
Volume 0
Shares Issued 55.13m
Market Cap £1.65m
RiskGrade 1,622

TRAC Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average82.98% below the sector average
Income Not Available
Growth
Market averageMarket averageMarket averageMarket averageMarket average
68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average68.18% below the sector average

TRAC Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

TRAC Key Personnel

CEO Avraham (Avi) Hartmann
CFO Igor Vatenmacher

Top of Page