Software Radio warns FY revenue to miss market view

Dec 19 (Reuters) - Software Radio Technology Plc (SORA.L) said on Friday it expected full-year revenue to be significantly below market expectations due to a lack of orders in its professional mobile radio (PMR) business.

At 0740 GMT, shares of Software Radio were indicated 18 percent lower at 7 pence.

The electronic hardware and software engineering firm said it was considering options regarding its SRT PMR Technology unit, including talks with potential investors, as the business has a shortfall in funding due to payment delays.

Analysts on average were expecting the company to post revenue of 9.25 million pounds ($13.8 million) for the year ending March 31, 2009, according to Reuters Estimates.

"Whilst the Marine business continues to grow, the PMR business has suffered from a lack of orders, including from certain Far East customers, and a delay in receiving license and royalty payments," the company said in a statement. ($1=.6684 Pound) (Reporting by Tresa Sherin Morera in Bangalore; Editing by Mike Miller)