Location Sciences Group (LSAI)

Sector:

IT Services

Index:

FTSE AIM All-Share

 0.45p
   
  • Change Today:
      0.000p
  • 52 Week High: 2.25
  • 52 Week Low: 0.40
  • Currency: UK Pounds
  • Shares Issued: 570.37m
  • Volume: 1,107,046
  • Market Cap: £2.57m

Location Sciences grows H1 revenues despite Covid-19 impact

By Iain Gilbert

Date: Monday 27 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Location data group Location Sciences said on Monday that first-half revenues had grown roughly 43% year-on-year despite the impact of the Covid-19 pandemic to trading.
Location Sciences said unaudited revenues for the six months ended 30 June would be approximately £650,000, while core revenues would be around £460,000 - slightly ahead of those recorded a year earlier.

The AIM-listed group also highlighted that it had implemented a cost reduction programme as part of its efforts to mitigate the impact of Covid-19, with cash administrative expenses reducing approximately 15% to £950,000.

As a result, LS also said it had seen an improved adjusted cash underlying loss of about £680,000 - a decrease of approximately 17% year-on-year.

Chief executive Mark Slade said: "While the first half of 2020 was not what anyone had been expecting or indeed hoping for, there are some positive macro trends emerging in our industry.

"In the second half of 2020, we expect advertising revenues to return, albeit perhaps not to 2019 levels, however, with a renewed focus on local marketing, something which Location Sciences is ideally positioned to benefit from. I am confident we will emerge from this global crisis as a stronger company and better able to deliver shareholder value."

As of 0905 BST, Location Sciences shares were up 4.09% at 0.48p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LSAI Market Data

Currency UK Pounds
Share Price 0.45p
Change Today 0.000p
% Change 0.00 %
52 Week High 2.25
52 Week Low 0.40
Volume 1,107,046
Shares Issued 570.37m
Market Cap £2.57m

LSAI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.62% below the market average10.62% below the market average10.62% below the market average10.62% below the market average10.62% below the market average
30.53% above the sector average30.53% above the sector average30.53% above the sector average30.53% above the sector average30.53% above the sector average
Price Trend
94.65% below the market average94.65% below the market average94.65% below the market average94.65% below the market average94.65% below the market average
96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average96.04% below the sector average
Income Not Available
Growth
59.30% above the market average59.30% above the market average59.30% above the market average59.30% above the market average59.30% above the market average
70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average70.21% above the sector average

LSAI Dividends

No dividends found

Trades for 30-Oct-2020

Time Volume / Share Price
14:26 95,000 @ 0.47p
14:14 248,520 @ 0.41p
11:21 28,288 @ 0.41p
10:09 206,204 @ 0.41p
10:07 527,244 @ 0.47p

LSAI Key Personnel

CEO Mark Slade
CFO David Rae

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