Revenue set to double but losses still expected at Birmingham technology firm
Birmingham-based technology firm, LightwaveRF has forecast a doubling in its full year revenues – although it still expects to declare a loss.
The smart home solutions pioneer and internet of things specialist said in a trading update that revenue for the year ended September 30, 2017 is expected to be twice that of the prior year (2016: £1.44m). Gross margin is also expected to have materially increased (2016: 32.5%).
However, even after these increases, the company expects pre-tax losses to be broadly in line with those of ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
