FY18 was a difficult year for Thinfilm. Revenues from tags dipped because of customer destocking. Timescales for commissioning the new roll-to-roll (R2R) manufacturing facility have been pushed out. Noting the extended sales cycle associated with on-package NFC tag deployments, which will result in higher volumes and greater customer retention in future, and delays in launching EAS (anti-theft tags) for placement in jeans, we cut our FY19 estimates.
07 Mar 2019
Thin Film Electronics - Annus horribilis
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Thin Film Electronics - Annus horribilis
Ensurge Micropower ASA (ENSU:OSL) | 0 0 0.0%
- Published:
07 Mar 2019 -
Author:
Anne Margaret Crow -
Pages:
7
FY18 was a difficult year for Thinfilm. Revenues from tags dipped because of customer destocking. Timescales for commissioning the new roll-to-roll (R2R) manufacturing facility have been pushed out. Noting the extended sales cycle associated with on-package NFC tag deployments, which will result in higher volumes and greater customer retention in future, and delays in launching EAS (anti-theft tags) for placement in jeans, we cut our FY19 estimates.