Tech firm sees revenues rise but losses widen

LightwaveRF, the Birmingham-based provider of smart home solutions, has posted a revenue rise of almost 50% but saw losses widen in its 2019 results. For the year to the end of September, the listed company reported revenue of £4.09m (2018: £2.81m), up 46%, but said it experienced a challenging last quarter, which prompted a profit warning in November, with revenue held back mostly due to working capital and reduced digital marketing spend and revenue slippage. The company reported a loss before and after taxation £3.61m (201... 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...
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