1H22 results are as flagged in the October update; COVID continued to delay revenues from the systems business in the half (both revenue milestones in the Philippines and revenue from the signing of new systems contracts) leaving Transceiver sales which again saw double-digit growth yoy. For the first time this was augmented by material systems satellite data revenue. This is an encouraging indication of the scale of high-margin revenue to come from that source, much of it likely to become recur ....
02 Dec 2021
SRT Marine Systems - Transceiver growth continues as SRT awaits the new contracts
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SRT Marine Systems - Transceiver growth continues as SRT awaits the new contracts
SRT Marine Systems plc (SRT:LON) | 29.5 0 0.0% | Mkt Cap: 65.7m
- Published:
02 Dec 2021 -
Author:
Cavendish Research -
Pages:
16
1H22 results are as flagged in the October update; COVID continued to delay revenues from the systems business in the half (both revenue milestones in the Philippines and revenue from the signing of new systems contracts) leaving Transceiver sales which again saw double-digit growth yoy. For the first time this was augmented by material systems satellite data revenue. This is an encouraging indication of the scale of high-margin revenue to come from that source, much of it likely to become recur ....