The stock continues to tumble and now trades at roughly a quarter of its share price just 12 months ago.
Companies: Blancco Technology Group plc
Software company Blannco (LON: BLTG) has seen its woes of H1 17 continue in H2 with Management announcing the Group's full-year Revenues will be "towards the lower end of our guidance."
Shares the Group dropped 10% on Friday after it said its core Data Erasure division saw a decline in YoY sales due to the "non-renewal of multi-year End of Life Erasure contracts".
The Group's Mobile Diagnostics division remained flat, it said, in line with expectations.
During the period it also sold its Mexican division, which will now become a distributor of the Group's products throughout Latin America.
Back in September, then CEO Pat Clawson stepped down from the helm after profits and revenues from two contracts previously booked in 2017 were reversed out.
Today's update said the CEO recruitment process is "progressing well", but no further detail was given.
With today's 10% dive to 68p BLTG shares trade at roughly a quarter of its price just 12 months ago. In 2014, it hit an all-time high of 386p.
