CORRECT: SLI Systems says FY sales miss forecast on ARR basis, to report smaller loss

Sun, 27 Jul 2014

(Corrects to show revenue on ARR basis rose 29 percent in the second paragraph, updates shares) Annualised recurring revenue rose about 29 percent to $25 million in the 12 months ended June 30, compared to a forecast in last year's offer documents of $25.9 million. Operating revenue was $22 million, about matching its forecast for $22.2 million, the company said in a statement. The shares rose 8.5 percent to $1.41, recovering from a record-low close of $1.30 on Friday and valuing the company at $85.3 million, after selling for $1.50 a...

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