DataDot expects 20-30% revenue slump for FY11

Microdot identification company DataDot (ASX:DDT) expects automotive supply chain disruptions from the Japanese disaster to impact its FY11 revenue by between 20-30 per cent

DataDot Technology (ASX:DDT) has forecast a 20 per cent to 30 per cent decline in revenue for FY11, due to supply chain disruptions from the Japanese earthquake and tsunami.

In a market update the company, which develops microdot identification technology, said the disaster had seriously disrupted Japanese and other motor vehicle makers' production.

This is affecting sales of DataDotDNA microdots, as the automotive industry is a key market for the product line.

Sales are also being hit by a softness in automotive sales in Europe over the financial year so far, as well as the appreciation of the Australian dollar.

The expected revenue shortfall will impact earnings, DataDot said without going into details. But the company added that it expects the impact of the Japanese disaster on revenue to be short term.

On the plus side, DataDot said it had kept costs in line with the prior year despite taking on all of the expenses of DataTrace DNA - a former joint venture with the CSIRO that DataDot bought out in October – and new subsidiary AgTechnix.

AgTechnix is a joint venture with Ipeco set up to market polymer seed coating and enhancement products.

On a like-for-like basis expenses declined 10 per cent, DataDot said. The company had cash reserves of over $4 million as of the end of March.

DDT shares fell 6.98 per cent in Friday's trading to $0.040.

Join the PC World newsletter!

Error: Please check your email address.

Tags DataDot Technologyrevenue lossJapan earthquakebusinessJapan tsunami

Our Back to Business guide highlights the best products for you to boost your productivity at home, on the road, at the office, or in the classroom.

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Dylan Bushell-Embling

Computerworld
Show Comments

Most Popular Reviews

Latest News Articles

Resources

PCW Evaluation Team

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Aysha Strobbe

Windows 10 / HP Spectre x360

Ultimately, I think the Windows 10 environment is excellent for me as it caters for so many different uses. The inclusion of the Xbox app is also great for when you need some downtime too!

Mark Escubio

Windows 10 / Lenovo Yoga 910

For me, the Xbox Play Anywhere is a great new feature as it allows you to play your current Xbox games with higher resolutions and better graphics without forking out extra cash for another copy. Although available titles are still scarce, but I’m sure it will grow in time.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?