Ubisense Group PLC Trading Statement (7243C)
24 Janeiro 2018 - 5:00AM
UK Regulatory
TIDMUBI
RNS Number : 7243C
Ubisense Group PLC
24 January 2018
24 January 2018
Ubisense Group plc
("Ubisense" or the "Company")
Trading Statement
Ubisense Group Plc (AIM: UBI), a leader in high performance
Enterprise Location Intelligence systems through its RTLS
SmartSpace and geospatial myWorld offerings, is pleased to provide
the following trading update for the year ending 31 December
2017.
The Company showed strong revenue growth for its own RTLS
SmartSpace and myWorld products, particularly in North America,
with its own product revenues increasing by more than 25% over the
prior year. In addition to the announced contract wins, Ubisense
continued to sign both new deployments and expansion projects
during the year. Own product revenue growth has more than offset
the expected transition away from legacy third party services
projects. As a result, the Company expects overall revenues to have
increased over the previous year.
The Company is continuing to invest in both sales capacity and
further development of its software and hardware solutions.
Ubisense enters 2018 with a strong order book for its own products,
a growing sales pipeline and momentum with key customers.
The Company expects to report a cash balance of GBP9.1 million
and a net cash positive position of GBP6.6 million as at 31
December 2017.
Richard Petti, CEO, said:
"The refocusing of our strategy has resulted in several
strategic wins in aerospace, telecommunications and automotive
sectors which will be the foundation of our future growth in these
markets. Our focus on enterprise software and investments into our
go-to-market capabilities is building our pipeline and will drive
gross margin growth."
The Company expects to announce its results for the 12 months
ending 31 December 2017 in March 2018.
For further information contact:
Ubisense Group plc +44 (0)1223 535170
Richard Petti
Tim Gingell
Numis Securities Limited +44 (0)20 7260 1000
Jamie Lillywhite
Toby Adcock
Redleaf Communications +44 (0)20 7382 4730
Elisabeth Cowell
Fiona Norman
About Ubisense
Ubisense (AIM: UBI), is a global leader in Enterprise Location
Intelligence Solutions, proven to drive quality, reduce costs,
manage complexity and increase productivity for its customers
across the world. Central to its offering are two powerful IIoT
software platforms that can take data from any source to provide
visibility of customers' operations. Offering in-depth knowledge of
the sectors in which it operates across the world, Ubisense has
long standing relationships with many customers across target
markets including automotive, aerospace, logistics, communications
and utilities. Founded in 2002, Ubisense is headquartered in
Cambridge, England, with operations in North America, Germany,
France and Japan. www.ubisense.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTFXLLLVFFFBBV
(END) Dow Jones Newswires
January 24, 2018 02:00 ET (07:00 GMT)
Ubisense (LSE:UBI)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Ubisense (LSE:UBI)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024