5 Aug 2014 05:24
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Don't have an account? Click here to register.PhotonStar LED's full-year loss widens due to strong price competition
Fri, 29th May 2015 14:25
Photonstar LED Group's full-year results were hurt by "significant" price reductions from competitors in its fixed lighting business.As a result, revenues fell 23.7% to £7.2m and losses before tax increased to £1.57m from £0.73m the year before.Sales of light LED luminaires fell 18% to £6.9m, while total sales decreased 24% to £7.19m.On the bright side, the group acquired the Halcyon system in November, which will help the business to expand its market in retrofit dimmable white, colour-tuneable and circadian lighting.It also noted it expects to post earnings before interest, tax, depreciation and amortisation (EBITDA) profitability in the next six months, and expects that the numerous test instalations done during the first months of the year will begin to generate sales.Chief executive James McKenzie said: "The board anticipates that the group will achieve EBITDA profitability over the next six months as recently introduced fixed lighting products and our intelligent HalcyonTM lighting system drive revenue growth in the current year and beyond."
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4 Aug 2014 14:57
24 Jun 2014 13:40
Sector movers: Domino Printing sinks electricals, Croda weighs on chemicals
Heavy falls from Domino Printing and Croda International sank the electrical and chemical sectors on Tuesday, as results from both companies disappointed the market. Shares in Domino Printing, which develops inkjet, laser and thermal printing products, were down nearly 19% this afternoon after the
Read more4 Jun 2014 09:53
PhotonStar Starts Shipping New Wireless Lighting System
LONDON (Alliance News) - PhotonStar LED Group PLC Wednesday said it has starting shipping its Halcyon retrofit home lighting system, its first wireless lighting system that was developed with the support of a grant from the UK government. "The launch of this first wireless product signals a
Read more2 Jun 2014 15:26
DIRECTOR DEALINGS: PhotonStar LED Non-Executive Buys Shares
LONDON (Alliance News) - PhotonStar LED Group PLC said Monday that non-executive Director bought 22,857 shares at 8.75 pence each in the lighting designer and manufacturer May 12. Following this transaction Marshall holds a 0.088% interest in the company. Shares in PhotonStar LED were
Read more7 May 2014 09:22
DIRECTOR DEALINGS: PhotonStar Non-Executive Buys 26,352 Shares
LONDON (Alliance News) - PhotonStar LED Group PLC Wednesday said Non-Executive Director Jonathan Freeman bought 26,352 shares at a price of 8.5 pence per share Tuesday. Following this transaction, Freeman holds 107,762 shares, which represents 0.096% stake in the firm. Shares in the l
Read more27 Mar 2014 13:48
UK MIDDAY BRIEFING: Regulators Confirm UK Energy Market Review
LONDON (Alliance News) - UK regulators have now confirmed they will investigate whether the country's major energy companies are preventing effective competition in the market, a decision that prompted British Gas parent Centrica to warn that the review could delay crucial investments in new i
Read more27 Mar 2014 13:01
UK WINNERS & LOSERS: Babcock, Tullow Oil Lead Blue-Chip Fallers
LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Thursday.
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FTSE 100 - WINNERS
Old Mutual, up 0.5%. The group has agreed to sell Skandia Germany and S
27 Mar 2014 12:34
Photonstar posts lower FY losses but margins fall
Lighting manufacturer Photonstar reported lower annual losses, but gross margins fell and costs rose. Photonstar, which combines LED lights, sensors and controls in intelligent lighting for commercial and architectural uses, said it had a particularly strong second half after a difficult first six
Read more27 Mar 2014 11:06
PhotonStar LED Posts Narrowed Loss After Strong Second Half
LONDON (Alliance News) - PhotonStar LED Group PLC Thursday posted a narrowed pretax loss in 2013, as a weaker first half was offset by strong growth in the second half. It also said it had been trading in line with expectations in the first quarter of 2014, ahead of the previous year.