Sondrel Holdings PLC on Wednesday said that further delays to a December contract payment have put the group in a precarious cash position.
The Reading, England-based semiconductor design services.
Sondrel Holdings PLC on Thursday said it has been unable to meet its December payroll due to a delay in payment from an automotive manufacturer.
Shares in Sondrel were down 32% at 5.50 pence each in.
Sondrel Holdings PLC said on Wednesday its annual loss widened despite a surge in revenue, but the company maintained a positive outlook looking forward.
The Reading, England-based semiconductor. | May 24, 2023