LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 6.38p
   
  • Change Today:
      0.000p
  • 52 Week High: 11.45
  • 52 Week Low: 6.30
  • Currency: UK Pounds
  • Shares Issued: 121.70m
  • Volume: 19,492
  • Market Cap: £7.76m
  • Beta: 0.36

Lightwaverf expects full year revenues to fall below expectations

Date: Monday 29 Sep 2014

LONDON (ShareCast) - Home technology supplier Lightwaverf has predicted its full year revenues will be below expectations, though they will represent a significant increase year-on-year.
The group said that failure to meet expectations was attributable to delays in orders, though it stressed the issues had now been resolved and customers were able to purchase the products.

In a trading update, the company said it expected revenues for the full year ended 30 September to be in the region of £3m.

"Although this is about £0.5m below expectations due to some delays in the call off of orders this performance will still be significantly ahead of the previous financial year when revenues were £1.05m," the group said in a statement on Monday.

Lightwaverf said that it had continued its expansion and development on the UK and global markets in the second half of the year and it was working on different projects, in the domestic and commercial sectors.

The company announced that its partnership with Megaman UK continued to grow in 2014, while the relationship with Neonlite, the company responsible for marketing Megaman technology worldwide, was also strengthened and developed further.

"The second half of the year has seen some technical challenges which I am pleased to say we have now overcome," said group chairman and chief executive officer Mike Lord.

"We are continuing to see a great deal of interest in our product range due to its breadth of functionality for the Smart Home. The directors remain confident in the company's prospects for growth both in the UK and abroad."

Lightwaverf shares closed down 7.03% to 29.75p on Monday.

Email this article to a friend

or share it with one of these popular networks:


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

 

LightwaveRF Market Data

Currency UK Pounds
Share Price 6.38p
Change Today 0.000p
% Change 0.00 %
52 Week High 11.45
52 Week Low 6.30
Volume 19,492
Shares Issued 121.70m
Market Cap £7.76m
Beta 0.36

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.87% above the market average10.87% above the market average10.87% above the market average10.87% above the market average10.87% above the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average
Price Trend
77.76% below the market average77.76% below the market average77.76% below the market average77.76% below the market average77.76% below the market average
68% below the sector average68% below the sector average68% below the sector average68% below the sector average68% below the sector average
Income Not Available
Growth
49.63% above the market average49.63% above the market average49.63% above the market average49.63% above the market average49.63% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average

LightwaveRF Dividends

No dividends found

Trades for 22-Oct-2019

Time Volume / Share Price
12:52 7,936 @ 6.30p
09:17 10,000 @ 6.30p
08:36 1,556 @ 6.30p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

Top of Page