Software Radio Technology (AIM: SRT) – results and exciting contract win
Software Radio Technology (SRT) is a provider of maritime awareness technologies, products and solutions, specialising in the provision of Automatic Identification Systems (AIS). Their solutions are used around the world in a variety of applications straddling multiple markets. Today the Group have announced their preliminary results for the year ended 31st March 2015.
The results are largely in line with broker expectations, with an increase in revenue and improvement in loss to £0.4m (2014: £1.5m). The gross profit margin was 51%, in line with the long term target of 50%. Gross cash stood at £2.1 million with stock valued at cost of £5.0 million available to support expected sales opportunities.
This year saw a 39% increase in revenue to £8.5m,…
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