SP&T News

Headlines News
IndigoVision expected to report operating loss

According to a notice posted on stockmarketwire.com, Edinburgh, Scotland-based surveillance provider IndigoVision reported last week that its results “will be below forecasts and that it will report an operating loss for the year ending 31 Dec.”


November 29, 2017
By SP&T Staff

Company CEO Marcus Kneen has resigned from the board and has been replaced by interim CEO Pedro Simoes. Simoes was appointed as senior vice-president, global sales, on Oct. 2.

According to a statement, U.S. sales teams are “showing continued signs of delivery,” but there were “unforeseen delays” related to other large contracts stemming from difficult trading conditions in the Middle East.

However, gross margins are still expected to be ahead of last year.

Read the full statement here.

Advertisment

The BBC also reports here.


Print this page

Related

Tags



Leave a Reply

Your email address will not be published. Required fields are marked *

*