Following a profits warning earlier in the month, Feedback reported disappointing full year results. Pre-tax profits of £611,000 (£182,000) fell short of the £800,000 originally forecast by house brokers Charles Stanley. Turnover nudged ahead 10% to £9.3m. Feedback blamed the setback on delays in sales within the group's educational businesses, precipitated by uncertainties arising from recent government initiatives. Feedback's on-line university, a joint venture called TekniCAL, was a recent product which caused much excitement in the market. The fallout from the profit warning proved equally as dramatic. Robert Corden of house brokers Charles Stanley found some comfort in the figures. He suggested that the limited fall in profits showed that the underlying business, which includes access control and equipment exports for training, had outperformed. 'A price of 150p is not impossible to forecast' he added.