Aviation simulation and control system developer Adacel Technologies (ASX:ADA) anticipates reporting a net loss of $3 million for FY10, when it issues its full year results on August 24.
The company said further delays in the receipt of key orders had adversely affected the result, which is also expected to reflect an improvement in operating margins.
But Adacel said it had secured significant orders late in the financial year, which are expected to buoy earnings in FY11.
Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.