StockMarketWire.com - Sabien Technology said, in light of some substantial orders being delayed beyond June 2015, it now expects to report FY revenues of about £1.9m and a loss of up to about £0.6m.

While there is a shortfall in revenue and profit relative to management expectations, due to tight control of administrative expenses (in line with management expectations forecast to be at the same level as last year), the Company has a satisfactory net cash position of £1.1m.

The sales pipeline currently stands at £6.2m which compares with £6.9m at the time of the interim results in February and £5.8m as at 30 June 2014.



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