SimiGon’s revenues have been sliding half-on-half since H2 2014 while the company has focused on delivering the massive $6.7m military training project won as a Prime Contractor in 2013. Its delivery has been slowed by the client requesting work outside the scope of the original contract, but that has been balanced with the prospect of lucrative follow-on stages. Although billings have been affected over this period, gross margins have remained high and overheads have been controlled, s
20 Sep 2016
Well positioned to take flight again
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Well positioned to take flight again
- Published:
20 Sep 2016 -
Author:
Cavendish Research -
Pages:
12
SimiGon’s revenues have been sliding half-on-half since H2 2014 while the company has focused on delivering the massive $6.7m military training project won as a Prime Contractor in 2013. Its delivery has been slowed by the client requesting work outside the scope of the original contract, but that has been balanced with the prospect of lucrative follow-on stages. Although billings have been affected over this period, gross margins have remained high and overheads have been controlled, s