LightwaveRF PLC Trading Update (4567F)
July 15 2019 - 1:00AM
UK Regulatory
TIDMLWRF
RNS Number : 4567F
LightwaveRF PLC
15 July 2019
15 July 2019
LightwaveRF plc
(AIM: LWRF)
Trading Update
LightwaveRF plc ("LightwaveRF", "Lightwave" or the "Company"),
the leading smart home solutions provider, announces the following
trading update for the three months ended 30 June 2019, being the
third quarter of its financial year ending 30 September 2019 ("Q3
2019").
-- Revenue in Q3 2019 increased by 67% to GBP1.27 million
compared with the same period last year (Q3 2018: GBP0.76
million)
-- Revenue for the first three quarters of the financial year
increased by 98% to GBP3.77 million (2018: GBP1.90 million)
-- New European distribution agreement with Tech Data and GBP500,000 first order
-- Lightwave compatible Google smart speakers now being marketed
Jason Elliott, Chief Executive of Lightwave, commented:
"Since I joined the Company a year ago, Lightwave has made
considerable progress. As well as continuing the strong sales
growth, we now have in place a number of further initiatives to
maintain this momentum. The recently announced Tech Data
distribution agreement for Europe and joint marketing with Google
continue to position the Company for its full year revenue to more
than double last year's GBP2.8 million."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information:
LightwaveRF plc www.lightwaveRF.com
Jason Elliott, CEO +44 (0) 121 250 3625
Kevin Edwards, CFO
Shore Capital www.shorecap.com
Tom Griffiths/David Coaten +44 (0) 207 408 4090
-----------------------
Yellow Jersey PR www.yellowjerseypr.com
Charles Goodwin +44 (0) 7747 788 221
Annabel Atkins
-----------------------
About LightwaveRF
LightwaveRF plc ("Lightwave") is the UK's only fully integrated
home automation company.
New customers typically buy a starter pack of Link Plus hub and
smart dimmer which has Apple HomeKit compatibility, 2-way
communication and built-in energy monitoring. Later adding other
easy to install devices from the Lightwave range enables further
in-home control, monitoring and automation of lighting, heating and
power.
Devices may be operated manually, by smartphone or tablet-based
apps and also through Google Assistant and Amazon Alexa voice
control.
Leading tech industry publication 9to5 Mac describes Lightwave
as "the best UK HomeKit solution for smart lighting".
For further information and "Newsletter sign up", please
visit:
www.lightwaverf.com/corporate/
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
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