StockMarketWire.com - Wind sensor developer Windar Photonics warned of results for the full year below current market expectations and said its working capital was constrained.

The company, which produces sensors for use on wind turbines, said trading conditions had remained challenging since it released its interim results for the six months through June.

Conversion of its sale pipeline into confirmed orders had been particularly slow, it added.

Revenue for the 10 months through October was about €1.2m and the company's cash balance at the end of the month was €170k, down from €300k at the end of June.

'The board is reviewing the group's working capital requirements and headroom and will provide further updates as required and as appropriate,' Windar Photonics said.

The company said that although it had a pipeline of potential near-term orders and projects with sales value in excess of €3.0m, there was no guarantee they would be placed in time for delivery in the current financial year.

'Accordingly, the group's financial results for the year ending 31 December 2019 are now expected to be below market expectations,' it said. At 2:58pm: [LON:WPHO] Windar Photonics Plc share price was -10p at 32.5p



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