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: 30,000
  • Market Cap: £8.16m
  • Beta: 0.00

LightwaveRF losses widen despite doubling revenues

By Iain Gilbert

Date: Monday 03 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Home automation company LightwaveRF saw losses widen in the first half of its trading year, despite revenues more than doubling throughout the period.
LightwaveRF's revenues soared 121% to £2.50m in the six months ended 31 March, matching approximately 90% of the group's revenues for the whole of its 2018 financial year.

Gross profits doubled to £950,000, exceeding the £830,000 achieved for 2018 as a whole.

However, increased investment in research and development, sales, marketing and customer support resulted in a 55% widening of pre-tax losses to £1.35m.

Cash on hand fell 69% to £760,000.

Chairman Barry Gamble said: "Doubling overall and direct to consumer revenue is a considerable achievement. This reflects improved marketing, sales, customer support and distribution channels."

Looking forward, Gamble said: "Further product releases, strengthening relations with Apple, E.ON and Resideo as well as broadening our distribution arrangements with Rexel and others should all underpin more progress still for the company."

As of 0920 BST, LightwaveRF shares had slumped 3.17% to 7.02p.

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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 30,000
Shares Issued 120.82m
Market Cap £8.16m
Beta 0.00

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
9.45% above the market average9.45% above the market average9.45% above the market average9.45% above the market average9.45% above the market average
15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average15.38% below the sector average
Price Trend
74.49% below the market average74.49% below the market average74.49% below the market average74.49% below the market average74.49% 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
49.14% above the market average49.14% above the market average49.14% above the market average49.14% above the market average49.14% 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 19-Sep-2019

Time Volume / Share Price
14:56 15,000 @ 6.51p
11:33 15,000 @ 6.51p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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