Advertisement

Toumaz small decline in full year revenue

Toumaz, which develops low cost, ultra-low power wireless technology, said Wednesday that its full year loss before interest, tax, depreciation and amortisation (BITDA) has risen on broadly flat revenues.

Toumaz, which develops low cost, ultra-low power wireless technology, said Wednesday that its full year loss before interest, tax, depreciation and amortisation (BITDA) has risen on broadly flat revenues.

The BITDA loss for the 12-month period will be in the region of £10.9m (2011: £6.1m), with an increase in costs resulting from higher investment in new chip development, one-off costs of acquiring Frontier Silicon and increased marketing spend to stimulate DAB demand in Germany.

Advertisement - Article continues below

Full year revenues came in at £22.3m, compared to £24.8m in 2011 (excluding non-recurring revenues in 2011). On a statutory basis revenues for 2012 will be in the region of £8.5m.

The company expects its cash levels at the end of the period to be no less than £15.2m.

Anthony Sethill, Chief Executive, said: "With our market leading position in wireless radio chips, our focus is now on investment in new chip development across our core business units, healthcare (including sport and fitness), digital radio and network audio.

"We continue to prove and roll-out our SensiumVitals healthcare monitoring system. This will be updated with the Sensium 2 integrated circuit which conforms to the latest industry standards for body area networks, as well as Bluetooth Smart.

"The digital radio business will also benefit from a new range of highly-integrated, lower-cost and multi standard chips combining Toumaz and Frontier technologies, and in network audio, a new Bluetooth connected audio module will address the growing demand in the wireless audio connectivity space.

"These research and development projects will strengthen and update our product range, ensuring we maintain our market position and are expected to bring significant revenue growth from 2015."

The share price fell 14% to 5.38p by 13:38.

NR

Advertisement
Advertisement

Recommended

Visit/investments/investment-strategy/601044/broker-safety-your-questions-answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
Visit/investments/investment-strategy/600861/how-demographics-affects-stock-valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Visit/investments/stocks-and-shares/600863/sirius-minerals-anglo-american-takeover
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Visit/investments/stockmarkets/600634/why-investors-should-be-cautiously-bullish-for-2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Visit/economy/inflation/601584/the-end-of-the-bond-bull-market-and-the-return-of-inflation
Inflation

The end of the bond bull market and the return of inflation

Central bank stimulus, surging post-lockdown demand and the end of the 40-year bond bull market. It all points to inflation, says John Stepek. Here’s …
30 Jun 2020
Visit/investments/property/601606/house-prices-crash-uk-property-prices-falling-where-next
Property

House price crash: UK property prices are falling – so where next?

With UK property prices falling for the first time in eight years, are we about to see a house price crash? John Stepek looks at what’s behind the sli…
2 Jul 2020
Visit/investments/commodities/gold/601587/bullish-gold-price-cup-and-handle-chart-pattern
Gold

This chart pattern could be extraordinarily bullish for gold

The mother of all patterns is developing in the gold charts, says Dominic Frisby. And if everything plays out well, gold could hit a price that invest…
1 Jul 2020