The group’s trading update has highlighted that in the run up to the government’s recent Strategic Defence Review (SDR) it has seen some delay and reduced spending by existing customers. The newly established sales team has also had a lower level of success in converting its strong pipeline into revenue generating contracts. As such, the Board now does not expect to meet existing forecasts, with FY25 revenue expected to be not less than £4.0m (a reduction of £7.5m) resulting in EPS reduced from ....
