Ubisense Group Plc provided earnings guidance results for the second half and full year ending December 31, 2015. For the second half, the company expects revenues will now be in the range of £12.6-14.6 million against first half revenues of £10.4 million.

For the full year, the company expects revenues will therefore be in the range of £23 million to £25 million. This range of outcomes should result in at least a small positive adjusted EBITDA for the second half, before non-recurring costs, but an adjusted EBITDA loss for the full year of 2015. Due to these unforeseen circumstances, there is a risk of a material revenue and subsequent profit shortfall against previous guidance for year 2015.