News

Delays hike Hamsard's losses

08 June 2006 17:50:00

Security software outfit Hamsard warned today that despite interest in its products, delays in closing larger deals would hit its full year figures.

The group has pencilled in a pre-tax loss before exceptionals for the year to May in the range of £3.75m to £4.5m on the back of delays in the completion of larger value contracts, while revenues are expected to come in between £7.25 and £8m.

Hamsard said it still has a strong customer base and remains confident that it will be in a position to take advantage of the increasing demand for its products and solutions in the future.

The group added that its board is looking at ways to cut costs, reviewing all areas of the company's business with a view to improving sales processes.

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