News & Events

06 October 2005

Trading Statement

Endace Limited, (the "Company" or "Endace"), (AIM: EDA) a company specialising in network interface devices and related computer systems for network security and measurement applications was admitted to the AIM on 15 June 2005.

Revenue during the first half of the year to 30 September 2005 has been in line with market expectations. Benefiting from higher product yields, higher average margins and careful cost control, management expects to deliver a modest pre tax profit before exceptionals, compared with a budgeted loss for the first six months of trading.

Commenting on the preliminary interim results, Endace CEO Selwyn Pellet said: "Management has been encouraged by the increases in sales in all regions, with Europe performing particularly well. However, although positive factors leading to the results are expected to continue, lumpy revenue cycles will remain a reality."

The Company's order book continues to build, with new strategic customer engagements and the appointment of new distributors. Management believes that the financial results for the current year will reflect the historical pattern of revenue weighting towards the second half of the financial year.

Endace's interim results are expected to be announced on 15th November 2005.

For further information, please contact:

This information is provided by RNS
The company news service from the London Stock Exchange

END