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  5. PipeHawk posts H1 loss despite revenue climb

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Share Price Information for PipeHawk (PIP)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 7.75
Bid: 7.50
Ask: 8.00
Change: -0.50 (-6.06%)
Spread: 0.50 (6.667%)
Open: 8.25
High: 8.25
Low: 7.75
Prev. Close: 8.25
PIP Live PriceLast checked at -

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PipeHawk posts H1 loss despite revenue climb

Mon, 10th Mar 2014 13:05

PipeHawk, which sells ground probing radar equipment, was one of Monday's biggest fallers after its Chairman admitted to being 'somewhat disappointed' by the group's half-year bottom line. For the six months ended December 31st, the group posted a pre-tax loss of £244,000, compared to a profit of £83,000 in the same period the previous year. This was due to an increase in both staffing costs and administrative expenses, which offset a year-on-year increase in revenue from £1.98m to £2.61m. During the period, the group continued its development of the e-Safe and e-Spade Lite product range, for which the orders for the first units have been received. The group is committed to fulfilling these initial orders during the first half of 2014.The group's Adien business remained profitable, albeit at a lower level to last year and continued to concentrate on working with major infrastructure providers. QM Systems entered the second half of the year with a healthy order book, including contracts secured with five new clients. Meanwhile, SUMO, in which the group holds a 28.4% stake, continued to consolidate its recent acquisitions in the geophysical survey market and traded at a small profit. Chairman Gordon Watt said: "Overall, whilst I am somewhat disappointed by our bottom line result for the six months, I am very happy that we have now made the strategic investment in our facilities, order book and marketing effort which we believe have laid the foundations for significant growth in the future. "I was not called upon to provide further working capital support to the company, which is a further testament to the growing strength of the group."Shares had fallen 13.81% to 4.53p by 13:30 Monday. NR
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18 Mar 2019 10:51

Pipehawk Interim Loss Widens Despite Revenue Jump Amid Higher Costs

LONDON (Alliance News) - Pipehawk PLC said Monday its interim loss widened on higher costs amid increased investment, despite revenue jumping over a quarter.For the six months ended the to

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18 Jan 2019 15:07

PipeHawk wins £2.6m contract with Penso UK

(Sharecast News) - PipeHawk's subsidiary, QM Systems, has been awarded a partnership contract by Penso UK to provide a fully automated production facility for the manufacture of a new carbon fibre product to be installed at its Coventry facility.

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19 Nov 2018 08:10

Pipehawk dented as revenue slides and loss expands

(Sharecast News) - PipeHawk's shares dived almost 15% on Monday after annual profits and revenues dipped as orders came through later in the year than expected.

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6 Jul 2018 15:43

PipeHawk's QM Systems Inks GBP1.6 Million Contract With Cox Powertrain

LONDON (Alliance News) - Electronic systems development company PipeHawk PLC said Friday that is subsidiary QM Systems inked a GBP1.6 million contract with Cox Powertrain Ltd to develop a system a

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1 May 2018 10:51

WINNERS & LOSERS SUMMARY: HungryHouse And Strong Easter Buoys Just Eat

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.----------FTSE 100 - WINNERS----------Just up 4.0%.

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1 May 2018 09:11

PipeHawk Shares Climb As It Wins Further Contracts For QM Systems Arm

LONDON (Alliance News) - Shares in PipeHawk PLC soared on Tuesday morning as it has said it has received a number of new orders in the period since its interims announcement in late stock was at a

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23 Mar 2018 12:43

PipeHawk Half Year Loss Narrows On Cost Cuts Amid International Growth

LONDON (Alliance News) - Electrical engineering firm PipeHawk PLC said Friday its half year loss narrowed on cost cuts despite revenue falling amid temporarily stuttering flow

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15 Nov 2016 11:27

PipeHawk posts wider FY pre-tax loss

(ShareCast News) - PipeHawk said it has posted a wider full-year pre-tax loss of £1.02m, from a loss of £753,000. Revenue was higher at £4.8m, from £4.6m, in what the company described as a "very challenging" year. "The PipeHawk Group remains committed to creating sustainable earnings-based growth a

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15 Nov 2016 10:41

WINNERS & LOSERS SUMMARY: Intermediate Capital And Polypipe Surge

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5 Aug 2016 15:47

PipeHawk awarded second phase of Hadley automation project

(ShareCast News) - PipeHawk announced on Friday that its QM Systems division has been awarded the contract to undertake Phase 2 of the 2020 materials handling system project at Ultrasteel Products - part of the Hadley Industries Group - following the successful delivery of Phase 1. The AIM-traded co

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5 Aug 2016 11:51

PipeHawk Says QM Systems Division Wins GBP900,000 Contract Extension

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19 May 2016 10:02

Pipehawk Wins Handling Systems Deal With Primafruit

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11 May 2016 10:08

WINNERS & LOSERS SUMMARY: Compass Keeps Its Bearings As TUI Tumbles

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11 May 2016 08:59

PipeHawk's QM Systems Gets Further Business From Mann & Hummel

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23 Mar 2016 09:54

Pipehawk Interim Loss Widens As Delayed Sales Hit Revenue

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