Despite encouraging signs in the US, unforeseen delays in the Middle East mean that management expectations will now not be met, with a full year operating loss now anticipated. Chief Executive Marcus Kneen has left with immediate effect and Pedro Simoes has been appointed Interim Chief Executive. The Group is clearly in a period of transition and we await further updates in coming months, but a key positive is that the balance sheet remains strong, with $2.5m of net cash expected at the year en ....
24 Nov 2017
N+1 Singer - IndigoVision Group - Trading behind expectations; Chief Exec leaves
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N+1 Singer - IndigoVision Group - Trading behind expectations; Chief Exec leaves
Despite encouraging signs in the US, unforeseen delays in the Middle East mean that management expectations will now not be met, with a full year operating loss now anticipated. Chief Executive Marcus Kneen has left with immediate effect and Pedro Simoes has been appointed Interim Chief Executive. The Group is clearly in a period of transition and we await further updates in coming months, but a key positive is that the balance sheet remains strong, with $2.5m of net cash expected at the year en ....