LightwaveRF sends mixed messages – we are suspicious!
This provider of smart home solutions appears to have plenty of promise in a booming market. However, a series of unusual announcements makes us suspicious not all is going to plan. Read our latest thoughts here…
LightwaveRF (AIM:LWRF) claims it pioneered smart home automation with the introduction of the market’s first Internet enabled devices in 2008; it’s therefore been around for quite a while, but has yet to achieve profitability. The Company currently markets a complete smart home system for lighting, heating and power which looks quite compelling, as you can see on the Group web site here. - Results Audited results for the year ended 30 September 2017 saw revenue rise over 100% to £3.03m from £1.44m in the prior year. Unfortunately, the business still generated a similar loss to the prior year of £0.85m…