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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Windar Photonics Plc | LSE:WPHO | London | Ordinary Share | GB00BTFR4F17 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.50 | -3.09% | 47.00 | 46.00 | 48.00 | 48.50 | 47.00 | 48.50 | 53,661 | 11:46:02 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Meas & Controlling Dev, Nec | 1.85M | -1.08M | -0.0192 | -24.74 | 26.58M |
From Apr 2019 to Apr 2024
TIDMWPHO
RNS Number : 8458S
Windar Photonics PLC
08 November 2019
8 November 2019
The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
Windar Photonics plc
("Windar", the "Company" or the "Group")
Trading update
Windar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, announces that further to its interim results for the six months ended 30 June 2019, trading conditions have remained challenging with the conversion of the sales pipeline into confirmed orders being particularly slow. Accordingly, unaudited revenues for the 10 months ended 31 October 2019 were approximately EUR1.2 million.
Whilst the Group has a pipeline of potential near term orders and projects with sales value in excess of EUR3.0 million, there can be no guarantee that these orders will be placed in time for delivery in the current financial year. Accordingly, the Group's financial results for the year ending 31 December 2019 are now expected to be below market expectations.
Cash held (excluding restricted cash) at 31 October 2019 amounted to approximately EUR170k (30 June 2019: EUR0.3 million) but working capital is constrained. The Board is reviewing the Group's working capital requirements and headroom and will provide further updates as required and as appropriate.
For further information:
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Windar Photonics plc Jørgen Korsgaard Jensen, CEO +4524234930
Cantor Fitzgerald Europe David Foreman (Corporate Finance)
Nominated Adviser and Broker Keith Dowsing (Sales) +44 (0)20 7894 7000
Elisabeth Cowell
Newgate Communications Adam Lloyd
Financial PR Tom Carnegie +44 (0)20 7680 6550
The person responsible for arranging the release of this announcement on behalf of Windar is Jørgen Korsgaard Jensen.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
TSTLLFSVLELTIIA
(END) Dow Jones Newswires
November 08, 2019 08:50 ET (13:50 GMT)
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