After reporting steeper losses in the first half of last year (see Ubisenses a steeper half-time loss), Cambridge-based, ‘real-time locations solutions’ company Ubisense confirmed that FY revenues (to 31st Dec) will fall short of market expectations though profitability will be in line.
Ubisense fell foul of gloomy market conditions earlier last year as contract signings ‘moved to the right’ (see Ubisense warns on contract delays). In today’s trading update CEO Richard Green alluded to ‘robust double-digit percentage revenue growth’ in the loss-making (at half-time, anyway) RTLS (Real-Time Location Systems) division, and improved margins on lower revenues for the Geospatial division.
Given that Green sees RTLS as the bigger opportunity for Ubisense, it would be rather nice if we could see profit in it too. We’ll hear the full story in March.