Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released interim results to 30 June 2021, which illustrate positive momentum across the business. In the six-month period, revenue was 8.9% lower as expected but the meaningful 640bps increase in the gross margin reflected the growth in recurring software income, while a tight control on costs remained. Looking ahead, the order book is reported to presen ....
13 Sep 2021
Touchstar (TST) - Interims illustrate continuing momentum – FY 2021E forecasts raised
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Touchstar (TST) - Interims illustrate continuing momentum – FY 2021E forecasts raised
Touchstar plc (TST:LON) | 87.5 -0.4 (-0.6%) | Mkt Cap: 7.18m
- Published:
13 Sep 2021 -
Author:
John Cummins -
Pages:
4
Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released interim results to 30 June 2021, which illustrate positive momentum across the business. In the six-month period, revenue was 8.9% lower as expected but the meaningful 640bps increase in the gross margin reflected the growth in recurring software income, while a tight control on costs remained. Looking ahead, the order book is reported to presen ....