Touchstar is a supplier of mobile data computing solutions and managed services to a variety of industrial sectors. This morning, the group has released a positive H1 2022E update, pointing to trading having continued to be positive in the first six months of the year, with total revenue increasing by 7% to £3.1m and resulting in ‘substantially higher profitability'. Importantly, recurring revenue grew by 18% to £1.3m, representing 41% of total revenue in the period (FY 2021A 38%). Looking ahead ....
26 Jul 2022
WH Ireland: Touchstar (TST) - H1 update; continued positive trading momentum
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WH Ireland: Touchstar (TST) - H1 update; continued positive trading momentum
Touchstar plc (TST:LON) | 87.5 -0.4 (-0.6%) | Mkt Cap: 7.18m
- Published:
26 Jul 2022 -
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 a positive H1 2022E update, pointing to trading having continued to be positive in the first six months of the year, with total revenue increasing by 7% to £3.1m and resulting in ‘substantially higher profitability'. Importantly, recurring revenue grew by 18% to £1.3m, representing 41% of total revenue in the period (FY 2021A 38%). Looking ahead ....