FLAT-PANEL speaker technology firm NXT, which is "within sight" of breaking even, yesterday said the level of increase in second-half sales revenue would depend on the outcome of ongoing licensing talks.
The company, which has soared in value r
ecently following news of a deal with car giant Toyota, said business this year had been broadly in line with expectations.
It has also progressed its plan to increase the proportion of sales revenue from licensing and consulting in the six months to June 2008.
Issuing an interim management statement, NXT told investors: "There have been no other significant changes in the financial position of the company since the publication of the interim results for the six month period ended 31 December, 2007.
"The expected sales-growth trend together with the previously indicated reduced cost base leaves break-even within sight."
NXT, which has a market value of about £25 million, said in February that it had reduced its interim operating losses to £1.6m from just over £1.8m, while its cash reserves stood at a little over £1.4m.
The full article contains 191 words and appears in The Scotsman newspaper.
