Q2 2009 Increased revenue in a challenging market
Revenue in Q2 reached MNOK 12.2 compared to MNOK 11.1 in Q2 2008, an increase of 10 percent. EBIT ended at MNOK -1.1 compared to -0.5 MNOK in Q2 2008.
Net profit before taxes ended at MNOK -1.4 compared to MNOK -0.4 in the same period last year. The Company’s cash flow is considered satisfactory with a bank deposit of MNOK 8.9.
Both revenue and costs have developed as planned. The cost increase is still essentially spent on building the organization for deliveries on introductory sales in the strategic areas Population Alert and Runway Incursion. These introductory sales are expected to result in the first large delivery agreements by the end of this year. The Company will continue investing in the organization to meet the challenges followed by this.
Revenue in Q2 reached MNOK 12.2 compared to MNOK 11.1 in Q2 2008, an increase of 10 percent. EBIT ended at MNOK -1.1 compared to -0.5 MNOK in Q2 2008.
Net profit before taxes ended at MNOK -1.4 compared to MNOK -0.4 in the same period last year. The Company’s cash flow is considered satisfactory with a bank deposit of MNOK 8.9.
Both revenue and costs have developed as planned. The cost increase is still essentially spent on building the organization for deliveries on introductory sales in the strategic areas Population Alert and Runway Incursion. These introductory sales are expected to result in the first large delivery agreements by the end of this year. The Company will continue investing in the organization to meet the challenges followed by this.
