SRT Final Results

11 June 2012
SRT Final Results

Software Radio Technology Final Results for Year Ended 31 March 2012

Software Radio Technology plc, the AIM-quoted developer and provider of maritime identification and tracking technologies and products, announces its results for the year ended 31 March 2012.

Highlights

  • Gross profit of 51%
  • Revenues of £6.2 million
  • Debt free
  • Multiple new products launched
  • Steadily growing core business
  • Significant new global market opportunities
  • $3.7 million order for new Identifier product received in June 2012

Simon Tucker, CEO of SRT, commented, "SRT has continued to deliver on its stated strategy of positioning itself in the growing global market with a broad range of best in class products being sold through a worldwide network of established customers. Whilst revenues remain lumpy, we are now starting to seeconsistent growth in our core business and some of the many large projectscoming to fruition, such as our recently announced $3.7 million order for Identifiers."

Full News Release and Results on London Stock Exchange website