Shares in HiWave Technologies plummet following financial update

Shares in HiWave Technologies plummeted on Monday after the electronics manufacturer published its interim management results showing revenue levels which were 'below the board's expectation'.

Shares in HiWave Technologies plummeted on Monday after the electronics manufacturer published its interim management results showing revenue levels which were 'below the board's expectation'.

Revenue for the quarter to December 31st was recorded at £200,000, reflecting what the business described as "difficult market conditions".

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.