On 29th August Starcom reported revenue for the six months to 30th June 2018 of US$3.1m, +61% YoY. Gross margin improved from 38.2% in FY17 to 39.7%, driven by sales of higher margin hardware and SAS revenue +14.8%YoY. The contribution from lower-margin Helios products declined from 58% of hardware segment sales in FY17 to 34%, with higher margin products increasing: Watchlock from 6% to 23%; Kylos from 16% to 24%; Tetis, for shipping containers, at 19% (FY17: 20%).
14 Sep 2018
INTERIM RESULTS H118
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INTERIM RESULTS H118
t42 IoT Tracking Solutions PLC (TRAC:LON) | 3.0 0 (-7.7%) | Mkt Cap: 1.65m
- Published:
14 Sep 2018 -
Author:
Mike Jeremy -
Pages:
12
On 29th August Starcom reported revenue for the six months to 30th June 2018 of US$3.1m, +61% YoY. Gross margin improved from 38.2% in FY17 to 39.7%, driven by sales of higher margin hardware and SAS revenue +14.8%YoY. The contribution from lower-margin Helios products declined from 58% of hardware segment sales in FY17 to 34%, with higher margin products increasing: Watchlock from 6% to 23%; Kylos from 16% to 24%; Tetis, for shipping containers, at 19% (FY17: 20%).