LightwaveRF (LWRF) has a market-leading Internet of Things (IoT) platform, alongside a range of smart home devices that can be controlled via the LWRF app. Since the appointment of a new CEO in July 2018, there has been an uplift in sales momentum. Q1 2019 sales increased 156% YoY to £1.15m. To build on this, LWRF is raising £3.0m (gross) via a placing and open offer, to develop its marketing and sales capabilities, its second-generation products and working capital. We initiate c
28 Feb 2019
Sales traction picking up
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Sales traction picking up
LightwaveRF (LWRF) has a market-leading Internet of Things (IoT) platform, alongside a range of smart home devices that can be controlled via the LWRF app. Since the appointment of a new CEO in July 2018, there has been an uplift in sales momentum. Q1 2019 sales increased 156% YoY to £1.15m. To build on this, LWRF is raising £3.0m (gross) via a placing and open offer, to develop its marketing and sales capabilities, its second-generation products and working capital. We initiate c