Brief: Mobile Tornado Group Says Currently Expect Revenues For 6 Months To Dec 31 2019 To Be About £1.8m

Mobile Tornado

03/01/2020 07:31

Jan 3 (Reuters) - Mobile Tornado Group PLC  MBLT.L :
    * FULL YEAR TRADING UPDATE
    * CURRENTLY EXPECT REVENUES FOR 6 MONTHS TO 31 DEC 2019 TO
BE
ABOUT £1.8M WITH AN APPROXIMATE EBITDA BREAKEVEN POSITION FOR
PERIOD
    * FY 2019 REVENUE IS EXPECTED TO BE ABOUT £3.3M WITH EBITDA
LOSS
OF ABOUT £0.3M, WHICH IS BELOW CURRENT MARKET EXPECTATIONS
    * SHORTFALL IN REVENUE DRIVEN LARGELY BY DELAY TO FULL
DEPLOYMENT
OF CO'S SOLUTION WITH GOVERNMENT AGENCY & MAJOR PUBLIC UTILITY
IN ISRAEL

Source text for Eikon:  ID:nRSC6199Ya 
Further company coverage:  MBLT.L 

 ((Reuters.Briefs@thomsonreuters.com;))