HiWave heartened by component sales growth

The new management at sound and touch technology firm HiWave is confident it can grow sales next year despite anticipating that 2012 will be tough and challenging.

The new management at sound and touch technology firm HiWave is confident it can grow sales next year despite anticipating that 2012 will be tough and challenging.

The company is in the process of making the transition from a business model based on licensing its technology to one based on selling components to original equipment manufacturers, so was able to draw comfort from the fact that component sales are on the rise, even though total sales on a pro-forma basis were lower in the latest reporting period compared to last year.

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.