Sanderson Group, a software and IT services business, failed to please investors on Tuesday, despite revealing that its trading results for the year ended September 30th 2012 were slightly ahead of market forecasts.
The firm also said that its cash balance at that date had improved to £4.0m.
The company altered its investment strategy somewhat earlier in the year and said this has "contributed to an improved competitive market position", resulting in an increase of over 10% in the group's overall sales order intake for the financial year. The multi-channel business, with its online sales and ecommerce offerings, has achieved an increase in sales order intake of over 15% during the year.
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"Notwithstanding the uncertain outlook for the general economy, the strong order book provides improved future visibility and gives the board a good level of confidence that Sanderson will make further positive progress during the year ended September 30th 2013," the firm said.
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