LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 4.25p
   
  • Change Today:
      0.000p
  • 52 Week High: 10.95p
  • 52 Week Low: 1.85p
  • Currency: UK Pounds
  • Shares Issued: 123.58m
  • Volume: 0
  • Market Cap: £5.25m

LightwaveRF losses double but new boss starting to produce results

By Iain Gilbert

Date: Friday 26 Oct 2018

LONDON (ShareCast) - (Sharecast News) - LightwaveRF's losses have widened significantly in the past 12 months as it increased investments in sales and marketing, as well as research and development.
The AIM-listed home technology outfit said revenues had slipped "a little below" the £3.03m it recorded a year ago.

As a result of the increased spending, Lightwave expects losses for its full-year to be "somewhat more than double" than the £840,000 loss reported in 2017, but the company believes that its investment had put it in "a strong position for the future".

New chief executive Jason Elliott, who joined the group just three months ago from Onzo, a company that provides energy data analytics to major utilities, has made a number of changes which he said had already started to produce results, with the revenue run rate for the last quarter up by more than 50%.

Elliott said: "In my first 100 days at Lightwave, I have led a full review of the business and instigated a number of changes which have already resulted in a marked increase in revenue in the last quarter. It is clear from my review that Lightwave's technology is rated very highly by consumers and industry commentators and is well positioned to exploit growing UK and European demand."

As of 0855 BST, Lightwave shares had lost 7.32% to 9.50p.

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LightwaveRF Market Data

Currency UK Pounds
Share Price 4.25p
Change Today 0.000p
% Change 0.00 %
52 Week High 10.95p
52 Week Low 1.85p
Volume 0
Shares Issued 123.58m
Market Cap £5.25m

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
74.42% above the market average74.42% above the market average74.42% above the market average74.42% above the market average74.42% above the market average
76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average76.00% above the sector average
Price Trend
92.45% below the market average92.45% below the market average92.45% below the market average92.45% below the market average92.45% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
34.88% above the market average34.88% above the market average34.88% above the market average34.88% above the market average34.88% above the market average
36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% above the sector average36.00% above the sector average

LightwaveRF Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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