LightwaveRF (LWRF)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

1.00p
   
  • Change Today:
      0.100p
  • 52 Week High: 9.21
  • 52 Week Low: 0.50
  • Currency: UK Pounds
  • Shares Issued: 123.58m
  • Volume: 1,786,533
  • Market Cap: £1.24m

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 1.00p
Change Today 0.100p
% Change 11.11 %
52 Week High 9.21
52 Week Low 0.50
Volume 1,786,533
Shares Issued 123.58m
Market Cap £1.24m

LightwaveRF Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.33% above the market average91.33% above the market average91.33% above the market average91.33% above the market average91.33% above the market average
92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average92.00% above the sector average
Price Trend
99.28% below the market average99.28% below the market average99.28% below the market average99.28% below the market average99.28% 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
35.39% above the market average35.39% above the market average35.39% above the market average35.39% above the market average35.39% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average

LightwaveRF Dividends

No dividends found

Trades for 20-Feb-2020

Time Volume / Share Price
16:12 52,868 @ 0.58p
15:36 100,000 @ 0.58p
15:04 38,005 @ 0.95p
15:04 86,301 @ 0.58p
14:35 5,000 @ 0.50p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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