Engaged in offering software and hardware technologies for Digital Audio devices.
25-Jan-2018 – 183p – £74.2m – PER n/a
Trading Update For The 12 Months To End December 2017 – Revenue up circa 28% at circa £41.2m (FY 2016: £32.1m) and underlying EBITDA is anticipated to be circa £1.9m (FY 2016: £0.7m). Net Cashof £2.9m (FY 2016: £0.7m).
Seems like an impressive update but I am going to be Neutral for now to see what those actuals (real profit) look like in March.
8-Mar-2018 – 165.28p – £67.0m – PER n/a
Results For The 12 Months To End December 2017 – Revenues up 28% to £41.0m (FY 2016: £32.1m); in constant exchange rates, revenues up 22% to US$53.0m (FY 2016: US$43.4m). Cash of £3.0m. Pre-tax loss is £1.6m (Restated 2016: loss £3.0 million). The Board expect modest growth in revenues and EBITDA this year.
Without any sign of a real profit, not something I will be investing in at present.
23-May-2018 – 149.5p – £60.8m – PER n/a
Trading Update For The 4 Months January To End April 2018 – Challenging trading conditions in Q2-2018 are likely to have an adverse impact on the Group’s FY-2018 trading performance. Consequently, the Board is revising its guidance for FY-2018, FY sales of approximately US$47.7m (£34.9 million) and EBITDA of circa US$1.0 million (£0.8 million).
Still not interested here until I see an actual profit.