Zaptronix has warned its shareholders that its earnings per share (EPS) and headline earnings per share (HEPS) for the year ended 31 August 2008 are likely to be lower thanthe previous year.
EPS is expected to be about 0,67 cents lower than 2007 while HEPS will probably be down 0,12 cents per share. This compares to a profit last year of 0,21 cents for EPS and 0,25 cents for HEPS.
A statement from the company attributes the reduction in EPS in part to non-recurring losses and write-offs which reduced EPS by 0.50 cents per share.
The reduction in HEPS is attributable to a commercial shift from revenue being earned up-front by the outright sale of hardware to revenue being earned on an annuity basis from rental contracts.
In addition, revenue was reduced due to timing differences resulting from a change in strategy to discontinue aged products and services in favour of introducing new products and services.