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: 27,295
  • Market Cap: £8.16m

LightwaveRF expects full-year revenues to double following strong Q3

By Iain Gilbert

Date: Monday 15 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Home automation company LightwaveRF saw revenues grow in the third quarter of its trading year after inking a new European distribution agreement with Tech Data.
Lightwave's revenues increased 67% to £1.27m in the three months ended 30 June, taking revenues for the first three quarters of the financial year to £3.77m - a 98% year-on-year improvement.

In addition to the AIM-listed group's new distribution deal with Tech Data, including the customer's £500,000 first order, LightwaveRF also pointed to its newly marketed compatible Google smart speakers as a sign of further growth on the horizon.

Chief executive Jason Elliott said: "Since I joined the company a year ago, Lightwave has made considerable progress.

"As well as continuing the strong sales growth, we now have in place a number of further initiatives to maintain this momentum. The recently announced Tech Data distribution agreement for Europe and joint marketing with Google continue to position the company for its full-year revenue to more than double last year's £2.8m."

As of 1125 BST, Lightwave shares had climbed 5.23% to 8.55p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

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 27,295
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
9.38% above the market average9.38% above the market average9.38% above the market average9.38% above the market average9.38% above the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
72.91% below the market average72.91% below the market average72.91% below the market average72.91% below the market average72.91% 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
49.32% above the market average49.32% above the market average49.32% above the market average49.32% above the market average49.32% 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 17-Sep-2019

Time Volume / Share Price
09:35 1,295 @ 6.50p
09:07 26,000 @ 6.50p

LightwaveRF Key Personnel

CFO Kevin Edwards
CEO Jason Elliott

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