ADA adacel technologies limited
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July 1 (Reuters) - Adacel Technologies Ltd (ADA) : SEES A LOSS...

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    01/07/19
    09:35
    Post #: 39314044

    July 1 (Reuters) - Adacel Technologies Ltd (ADA) :

    • SEES A LOSS BEFORE TAX IN RANGE OF $1.7 MILLION TO $1.9 MILLION FOR FY19
    • FORECAST ORDERS FOR SECOND HALF OF FY19 DID NOT MATERIALIZE AS EXPECTED
    • FORECAST PBT FOR FY20 IS BETWEEN $4.1 MILLION AND $4.6 MILLION
    • IDENTIFIED ABOUT 30 POTENTIAL CUSTOMERS TO WHOM COMPANY BELIEVES IT CAN SELL APPROACH AND TOWER CONTROL SOFTWARE PLATFORM
    • DANIEL VERRET APPOINTED AS ACTING CEO
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