Psion has said that has posted pre tax losses of £15.4 million for the last quarter. The company also saw its sales fall to £70.8 million for the quarter. The company generated sales of £100.5 million in the corresponding period last year. Psion also warned that it is not anticipating an improvement in any of its markets.
The company said the core markets of its wireless mobile technology business unit Teklogix will not show any significant sign of improvement for the rest of this year. Psion still expects Teklogix to finish the year in profit. The malaise is being attributed to falls in corporate IT spending within the North American market.
Psion also revealed that its mobile phone software unit Symbian is experiencing difficulties. The business unit is expected to continue to carry heavy costs, although it is anticipated that sales will increase in the second half of this year. Psion said that Symbian would not generate profits until annual sales of devices featuring the business unit’s software reached at least 15 million units.