LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 6.75p
   
  • Change Today:
      0.000p
  • 52 Week High: 13.19
  • 52 Week Low: 6.38
  • Currency: UK Pounds
  • Shares Issued: 120.82m
  • Volume: 128,493
  • Market Cap: £8.16m

LightwaveRF expecting revenue uptick despite investments

By Josh White

Date: Wednesday 04 Oct 2017

LONDON (ShareCast) - (ShareCast News) - Smart home solutions provider LightwaveRF updated the market on its trading for the financial year ended 30 September on Wednesday, saying it anticipated that revenue will have "more than doubled" from the prior year's £1.44m figure.
The AIM-traded company said its gross margin was also expected to have "materially increased" from the 32.5% measures last year.

Capital expenditure on both the company's second generation Apple HomeKit-certified product range, and further product developments, increased over the year, the board explained.

Additionally, investments in revenue-generating activity as well as administrative expenses had increased.

"Even after these increases, the company expects losses before tax for the year ... to be broadly in line with those of the prior year," the board said, referring to 2016's losses of £0.84m.

"The company's recently announced electrical wholesale distribution agreement with Deta Electrical is now being implemented, and its second generation product range has been released.

"Distribution through Apple online and in retail stores is expected to follow shortly."

LightwaveRF said it was expecting to release its final results for the year to 30 September in early December.

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LightwaveRF Market Data

Currency UK Pounds
Share Price 6.75p
Change Today 0.000p
% Change 0.00 %
52 Week High 13.19
52 Week Low 6.38
Volume 128,493
Shares Issued 120.82m
Market Cap £8.16m

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.72% above the market average9.72% above the market average9.72% above the market average9.72% above the market average9.72% above the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Price Trend
69.02% below the market average69.02% below the market average69.02% below the market average69.02% below the market average69.02% below the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Income Not Available
Growth
49.57% above the market average49.57% above the market average49.57% above the market average49.57% above the market average49.57% 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 13-Sep-2019

Time Volume / Share Price
15:29 7,058 @ 6.51p
15:21 20,000 @ 7.00p
15:20 12,470 @ 6.56p
13:23 15,000 @ 6.67p
11:03 29,783 @ 6.68p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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