Australia's DataDot Technology drops after revenue forecast cut on Ukraine crisis

DataDot Technology

01/06/2022 02:18

** Shares of Australia's DataDot Technology  DDT.AX  fall
12.5%, their lowest level since Aug 23
    ** Co says final-quarter revenue of current FY to be
negatively impacted due to the Ukraine conflict 
    ** DDT says a proportion of co's royalty revenue is derived
from its South African distributor, which distributes some
product via third parties into the Russian Federation 
    ** Adds that as a result of the international sanction
regimes these third parties have ceased distribution to the
federation for the foreseeable future
    ** Now sees reduction in royalty receipts of about A$100,000
for FY 2022
    ** Stock down 27% this year, as of last close

 (Reporting by Indranil Sarkar in Bengaluru)
 ((Indranil.Sarkar@thomsonreuters.com;))