LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 6.63p
   
  • Change Today:
      0.000p
  • 52 Week High: 11.45
  • 52 Week Low: 6.38
  • Currency: UK Pounds
  • Shares Issued: 121.70m
  • Volume: 1,200
  • Market Cap: £8.06m
  • Beta: 0.36

LightwaveRF lights up as revenues doubled

By Duncan Ferris

Date: Monday 08 Apr 2019

LONDON (ShareCast) - (Sharecast News) - LightwaveRF's shares jumped on Monday after the home automation company reported that its first half revenue more than doubled following continued direct sales success.
The internet-of-things specialist said that revenue for the six-month period ended 31 March came in at £2.5m, up from £1.13m over the same period a year beforehand as a result of continued success in direct sales, e-commerce and telesales and the further development of wholesale and retail distribution channels.

These first half revenues also constitute 89% of the total revenue achieved in the whole of the AIM traded company's previous financial year after second quarter revenue jumped by 99% to £1.35.

Jason Elliott, chief executive of Lightwave, said: "I am delighted that Lightwave has maintained the momentum of significantly improved revenue in the quarter. Since I joined the company, we have strengthened management, re-developed several key products and clarified and improved our product distribution strategy.

"Demand in the underlying market for Lightwave's products is strong. This combination means that the outlook for Lightwave is extremely positive, and we expect full year revenues to be more than double that of last year."

LightwaveRF's shares were up 13.33% at 8.50p at 0857 BST.

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LightwaveRF Market Data

Currency UK Pounds
Share Price 6.63p
Change Today 0.000p
% Change 0.00 %
52 Week High 11.45
52 Week Low 6.38
Volume 1,200
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 21-Oct-2019

Time Volume / Share Price
09:58 1,200 @ 6.50p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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