SOLI has delivered its best ever results for the year ended 31 March 2019. These were in line with expectations (revenue was in fact a small 2% beat) and round off a busy year which saw us upgrade forecasts no fewer than three times (two for purely trading reasons and one for the acquisition of Pacer). A standout was the group gross margin which at 29.1% was some way better than the 27.5% achieved last year. Some of this was mix related, hence we do not expect the current year to be as high. Non ....
02 Jul 2019
Morning Comment
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Morning Comment
Solid State plc (SOLI:LON) | 1,355 0 0.0% | Mkt Cap: 153.7m
- Published:
02 Jul 2019 -
Author:
WHIreland Research Team -
Pages:
4
SOLI has delivered its best ever results for the year ended 31 March 2019. These were in line with expectations (revenue was in fact a small 2% beat) and round off a busy year which saw us upgrade forecasts no fewer than three times (two for purely trading reasons and one for the acquisition of Pacer). A standout was the group gross margin which at 29.1% was some way better than the 27.5% achieved last year. Some of this was mix related, hence we do not expect the current year to be as high. Non ....