LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

6.63p
   
  • Change Today:
    -0.13p
  • 52 Week High: 11.45
  • 52 Week Low: 6.38
  • Currency: UK Pounds
  • Shares Issued: 121.70m
  • Volume: 27,098
  • Market Cap: £8.06m
  • Beta: 0.36

JSJS Designs widens annual loss, announces resignation of MD

Date: Monday 10 Mar 2014

LONDON (ShareCast) - JSJS Designs, which specialises in radio frequency technologies, announced the resignation of its Managing Director as it reported an annual loss.

The company’s Managing Director John Shermer, Chief Technical Officer John Sinclair and Sales Director Simon Lane are stepping down from the board.

They will continue to serve on the firm’s operational board.

Losses for the year widened by £47,231 to £808,674 as the cost of sales increased.

Sales for the year amounted to £1.05m, down from the prior year’s £1.1m. Gross profit fell to £447,516 from £537,975.

The company said it will continue to focus on cost control and will accelerate product and App development.

A fundraising of £500,000 was completed in the year to finance the business alongside a debt repayment agreement with key supplier Veda Holdings.

“This, together with the working capital reduction due to the new distribution model, the much improved trading position during the first quarter of FY14 and the large forward order book together provided the necessary long term finance requirements for the business,” the group said.

The firm added that the financial outlook for the business is more positive and the business expects to show a profit in the current financial year.

The current order book of £2.1m, together with first quarter invoicing of £759,000, is forecast to result in a minimum turnover of £2.6m in the full-year 2014, a 147% increase on 2013.

Share fell 0.55% to 0.90p at 16:00 on Monday.

RD

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LightwaveRF Market Data

Currency UK Pounds
Share Price 6.63p
Change Today -0.13p
% Change -1.85 %
52 Week High 11.45
52 Week Low 6.38
Volume 27,098
Shares Issued 121.70m
Market Cap £8.06m
Beta 0.36

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.61% above the market average9.61% above the market average9.61% above the market average9.61% above the market average9.61% above the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
74.56% below the market average74.56% below the market average74.56% below the market average74.56% below the market average74.56% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth
49.94% above the market average49.94% above the market average49.94% above the market average49.94% above the market average49.94% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

LightwaveRF Dividends

No dividends found

Trades for 18-Oct-2019

Time Volume / Share Price
16:00 5,898 @ 6.50p
15:40 1,200 @ 6.52p
15:34 20,000 @ 6.50p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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