RE: Good opportunity here - Focusrite spent money on product build and now make profit28 Jun 2023 09:00
The music tech market has gotten smaller in the past year, with takeovers, and the amount of companies making soundcards and midi controllers is limited, this means more revenue into Focusrite group.
Combined with their take over of Sonnox to expand their digital offering, their takeover of Adam Audio for speakers, they have a balanced portfolio in their market to get more revenue.
Expect the next set of results to be good, considering they frontloaded with production costs, and also had expenditure due to takeover costs.