Structural integrity testing solution provider Structural Monitoring Systems (ASX:SMN) has revealed it expects to have narrowed its FY10 losses 37% despite a 43% decline in revenue.
Unaudited results indicate a net loss of $822,000, on revenue of $187,000 Structural said.
Depreciation charges and marketing and R&D expenses fell significantly, compensating for the revenue decline.
SMN shares are today trading unchanged at $0.008.
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