Focusrite (TUNE)

Sector:

Leisure Products

Index:

FTSE AIM 100

 387.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 595.00
  • 52 Week Low: 285.00
  • Currency: UK Pounds
  • Shares Issued: 59.21m
  • Volume: 26,022
  • Market Cap: £229.45m

Focusrite launches new commercial audio brand

By Josh White

Date: Tuesday 20 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Music and audio technology company Focusrite announced the launch of a new brand 'Optimal Audio' on Tuesday, to operate in the commercial audio market.
The AIM-traded firm said commercial audio included professionally-installed sound systems in public enterprises including bars, hotels and retail spaces.

It said Optimal Audio would offer control, amplification and loudspeaker products for small to medium-sized commercial installations, with a focus on supporting multi-zone venues.

Focusrite now consisted of seven brands across three business units, with the first unit including Focusrite, Focusrite Pro, Novation, and Ampify as the Focusrite Audio Engineering division.

The other units were ADAM Audio and Martin Audio, and from a reporting perspective, Optimal Audio would be included under the Martin Audio brand.

"Optimal Audio has been in development for three years," said chief executive officer Tim Carroll.

"We have conducted extensive research and development across product and software to simplify the world of commercial audio.

"Alongside its own dedicated staff, a number of colleagues from across the group - most notably from within Martin Audio - have helped to bring Optimal Audio to fruition."

Carroll said that in the long term, the company's ambition was for the brand to have its own dedicated team.

"We firmly believe that Optimal Audio's offering not only combines ease of product selection, installation, and use but in many cases offers a feature set normally associated with premium-priced offerings, making it commercially attractive.

"This competitiveness, alongside the size of the addressable market, excites us and bodes well for future growth prospects."

At 0947 BST, shares in Focusrite were up 1.36% at 1,115p.

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

 

Focusrite Market Data

Currency UK Pounds
Share Price 387.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 595.00
52 Week Low 285.00
Volume 26,022
Shares Issued 59.21m
Market Cap £229.45m

Focusrite Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.3% below the market average23.3% below the market average23.3% below the market average23.3% below the market average23.3% below the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Price Trend
66.69% below the market average66.69% below the market average66.69% below the market average66.69% below the market average66.69% 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
68.05% below the market average68.05% below the market average68.05% below the market average68.05% below the market average68.05% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
73.53% below the market average73.53% below the market average73.53% below the market average73.53% below the market average73.53% below the market average
81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average81.82% below the sector average

What The Brokers Say

Strong Buy 3
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Focusrite Dividends

  Latest Previous
  Interim Final
Ex-Div 09-May-24 28-Dec-23
Paid 10-Jun-24 31-Jan-24
Amount 2.10p 4.50p

Trades for 31-May-2024

Time Volume / Share Price
16:27 2 @ 385.00p
16:00 3,068 @ 381.51p
15:22 281 @ 393.00p
15:22 98 @ 385.00p
14:52 508 @ 393.00p

Focusrite Key Personnel

CEO Timothy Paul Carrol

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