E-commerce specialist OneView Group plc (LON:ONEV) warned investors on Wednesday that full-year revenues would likely fall short of market expectations after delays to several major contracts.
The AIM-listed firm – which helps companies transfer their physical stores online – said predicting timelines for sales cycles can be difficult.
It added that while it was “confident” that the current pipeline of potential sales would deliver growth at some point, the board couldn’t be sure exactly when these talks would materialise into cold, hard sales.
OneView told investors: “Whilst the board remains confident that the on-going discussions will come to fruition there can be no certainty on timing.”
“As a result, the company's revenue is likely to be below market expectations for the current financial year.”
The Boston, Massachusetts-based group said it is continuing to see strong interest in its software, and has grown its pipeline in Europe, the Middle East, Africa and Australia.
It was also keen to stress that winning its first hosted customer in the UK earlier this year was “a pivotal event”, creating a new revenue stream.
The positive spin failed to cut it with investors though, as shares tumbled by almost a third to 3.65p.