Maintel Holdings PLC (AIM:MAI) shares plummeted on Wednesday, after a profit warning told investors that the company now expects revenue for 2025 to be about £95 million.
The cloud communication company cited delays in converting its pipeline and flagged the loss of a 'significant' key contract.
It also described margin levels as "slightly unfavourable", due to its resulting revenue mix.
The firm nevertheless said it remains confident in its strategy, and it expects earnings (adjusted EBITDA) for the year to be around £7 million.
In London, Maintel shares were down 40p, or 22.2%, changing hands at 140p valuing its business at just over £20 million.