LiteBulb (AIM: LBB) results much as anticipated but also much to do!
The branded product developer that announced a wholesale change of leadership and strategy a few months ago issued interims that were much as anticipated with stonking great loss and promise of better things to come.
LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market. LiteBulb Products, are sold in over 30 countries through blue chip retailers including: Tesco, M&S, John Lewis Partnership, Sainsbury’s, Debenhams, Wilkinson’s, Next, Boots, WH Smiths, Amazon, Target and Costco. LiteBulb Creative is a creative agency which delivers compelling and agile brand extension programmes to the entertainment industry and has designed products and campaigns for clients around the world, including Disney, Hasbro and Miramax. While revenue for the 6 months to 30th June 2015 was up 98% to £7.9m, suggesting significant top line progress, the ‘adjusted’…