SRT, the AIM-quoted provider of maritime domain awareness technologies, products and solutions, announces its results for the year ended 31 March 2015.
FINANCIAL SUMMARY
- 39% increase in revenue to £8.5 million
- Loss before tax of £0.4 million
- Gross profit margin of 51% – in line with long term stated objective
- Gross cash balances of £2.1 million
OPERATIONAL HIGHLIGHTS
- Mutually exclusive partnership with exactEarth and development and integration of ABSEA satellite detection enhancing technology
- Launch of first GeoVS display and data management products and delivery to two major infrastructure projects
- Expansion of em-trak dealer base
- Development of new AIS Class A and Class B product platform with integrated full function colour chart display and WiFi
- Completion of multiple in-country proof of concepts for SRT’s new MDM system
Commenting on today’s results, Simon Tucker, CEO of SRT said: “SRT has developed a strategic position in an important global market straddling leisure, commercial and national security applications. With a £200 million validated sales opportunity pipeline and a significantly larger global addressable market opportunity, I am looking forward to the year ahead and updating our shareholders as opportunities develop.”
