Today’s H1 results show a pleasing +16% increase in revenue to £3.6m (+19% stripping out the discontinued On Board business) driven by Touchstar’s next-gen products against what remains a challenging market backdrop. As a result, the loss before tax has reduced materially y-o-y to £224k (excluding exceptionals) from £592k a year ago. Given the usual H2 weighting, the H1 outcome puts TST well on the way to achieving our FY forecasts which we leave unchanged this morning.
10 Sep 2019
Interims show progress despite market backdrop
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Interims show progress despite market backdrop
Touchstar plc (TST:LON) | 87.5 0 0.0% | Mkt Cap: 7.18m
- Published:
10 Sep 2019 -
Author:
WHIreland Research Team -
Pages:
4
Today’s H1 results show a pleasing +16% increase in revenue to £3.6m (+19% stripping out the discontinued On Board business) driven by Touchstar’s next-gen products against what remains a challenging market backdrop. As a result, the loss before tax has reduced materially y-o-y to £224k (excluding exceptionals) from £592k a year ago. Given the usual H2 weighting, the H1 outcome puts TST well on the way to achieving our FY forecasts which we leave unchanged this morning.