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Solid State – Defence contract delay affects expectations

08:49, 19th November 2024
Edison Investment Research
Company Broker Research
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Industrials - AIM - Mcap: £78m - Price: 135p - QuickView
  
SOLID STATE Follow | SOLI

DEFENCE CONTRACT DELAY AFFECTS EXPECTATIONS 

The delay of a major contract inevitably has an impact on short-term profitability. Solid State has a strong balance sheet and a growth strategy to develop into a higher value-added electronics components and systems business, as witnessed by the two recent small acquisitions. Post the current hiatus we expect this to drive growth and value creation.
 

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