News blog


  • BY: Andrew Hore |
  • POSTED: 11/11/2019 |

Progress at Internet of Things products supplier LightwaveRF has been held back by a lack of working capital. 

The cash raised in August and the finance from the new inventory facility came in too late to help in the fourth quarter to September 2019.

Revenues are much higher than last year at around £4.2m, but the fourth quarter was not as good as expected. Revenues were £3.77m in the first nine months. The full year loss will be similar to the £2.54m reported the year before. There was cash of £500,000 at the end of September.

A £350,000 loan from Finstock Capital is secured against research and development tax credits receivable. A previous Finstock loan was repaid in May.

Black Friday is 29 November this year and this will be important for LightwaveRF. Having additional working capital will help.

© 2020 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 13 January 2020

Continue reading... | 13/01/2020


Online gaming technology developer Nektan has placed its Gibraltar-based subsidiary in administration and the UK business has been sold. 

Continue reading... | 13/01/2020

Plutus PowerGen

Rebel shareholders failed to gain board seats at Plutus PowerGen. 

Continue reading... | 13/01/2020

Quoted Micro 6 January 2020

Continue reading... | 06/01/2020

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds