Windar Photonics’ H116 results show that customer engagement is intensifying, but is not translating into revenues at the rate management had hoped for. The company has taken action to reduce cash burn and speed up the sales cycle. Management notes that these delays will affect H216 and FY17, so we have revised our estimates and indicative valuation.
04 Oct 2016
Facing headwinds
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Facing headwinds
Windar Photonics Plc (WPHO:LON) | 33.0 0 0.0% | Mkt Cap: 22.7m
- Published:
04 Oct 2016 -
Author:
Anne Margaret Crow -
Pages:
6
Windar Photonics’ H116 results show that customer engagement is intensifying, but is not translating into revenues at the rate management had hoped for. The company has taken action to reduce cash burn and speed up the sales cycle. Management notes that these delays will affect H216 and FY17, so we have revised our estimates and indicative valuation.