Windar Photonics (WPHO)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM All-Share

43.42p
   
  • Change Today:
    -0.58p
  • 52 Week High: 50.50
  • 52 Week Low: 23.50
  • Currency: UK Pounds
  • Shares Issued: 81.29m
  • Volume: 0
  • Market Cap: £35.30m
  • RiskGrade: 745

Windar Photonics 2016 strength continues in H1 2017

By Josh White

Date: Wednesday 12 Jul 2017

LONDON (ShareCast) - (ShareCast News) - Developer of LiDAR wind sensor technology for electricity-generating wind turbines, Windar Photonics, said it had continued its "improving trend" of the latter parts of 2016 into the first half of 2017 in a trading update on Wednesday.
The AIM-traded company said revenue in the six months to 30 June was up 62% to €1.3m, which is already higher than the total revenue recorded during the full 2016 year, which was €1.2m.

"We have seen significant progress in the first half of 2017 with increased sales and our cost base now benefitting from the actions taken in H2 2016," said Windar CEO Jørgen Korsgaard Jensen.

"With some 14 distributors now in place for the IPP retrofit market, we have seen good progress with new orders in 2017 especially from the Asia region whereas in the first half of 2017 we have not yet seen the full benefit of our new strategy within the IPP market segments in Europe and North America."

Efforts to realign operational expenses resulted in an operational cost reduction - excluding depreciation, amortisation and warrants costs - of 47% to €1m, down from €1.8m a year earlier.

As a result of the increased revenue and the lower cost base, the company said it reduced net losses in H1 2017 by 52% to €0.8m, and its EBITDA loss had been reduced by 73% to €0.4m.

"In the first half of 2017, revenue from the important OEM market segment accounted for only a fraction of the overall revenue numbers," Jensen noted.

"However, we continued to work closely with the majority of the top 20 OEMs worldwide for direct integration of our products into their new turbine platforms, which of course is fundamental for reaching our long-term targets for the company.

"Overall and despite the clear improvement over last year, our full focus remains on improving our trading further, and also working towards obtaining larger scale OEM and IPP orders."

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WPHO Market Data

Currency UK Pounds
Share Price 43.42p
Change Today -0.58p
% Change -1.32 %
52 Week High 50.50
52 Week Low 23.50
Volume 0
Shares Issued 81.29m
Market Cap £35.30m
RiskGrade 745

WPHO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.22% below the market average78.22% below the market average78.22% below the market average78.22% below the market average78.22% below the market average
82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average82.35% below the sector average
Price Trend
62.18% above the market average62.18% above the market average62.18% above the market average62.18% above the market average62.18% 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
Income Not Available
Growth
55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average55.78% above the market average
58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average58.82% above the sector average

WPHO Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

WPHO Key Personnel

CEO Jørgen Korsgaard Jensen (Danish)
Chair David George

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