The company said the development would help it fulfil larger volume orders and that it has “moved forward” but is behind the original timetable, “which has hurt the company’s ability to secure these orders.”A few months ago, the Israeli company, which is listed on the London Stock Exchange, had reported that it swung back into profit last year, repaid all its borrowings and cut costs.

And on Tuesday it added that it has continued to implement its restructuring programme but the delay on the production front means it now expects revenue and profit for the second half of this financial year to be “materially lower than market expectations.”That’s no surprise looking at the revenue figures for the first half. H1 revenues dropped to $28 million from $33.5 million a year …