Intercede Group plc revised earnings guidance for fiscal 2015. At the time of reporting its interim results for the six months ended September 30, 2014 on 6 November 2014, Intercede remained optimistic that full year growth expectations would be achieved. However, the company did state that this would be subject to the timing of certain orders, both from smart card related projects and from a number of mobile related opportunities.

Now, the company announced that there have been a number of market related delays beyond the company's control and, whilst revenues are expected to be greater in the second half of the current financial year than the first half, full year revenues are now anticipated to be at a similar level or slightly lower than the prior financial year. The reduction in revenue expectations is expected to result in a loss for the period of approximately £1 million and year end cash balances, after planned investment and share buy-backs, in the region of £5 million.