Business
Interim Results
Interim Results.
About this update from Windar Photonics Plc
[{"type":"text","content":"\n\n25 September 2023\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \n \nWindar Photonics plc\n \n(\"Windar\", the \"Company\" or the \"Group\")\n \nUnaudited interim report for the six months ended 30 June 2023\n \nWindar Photonics plc (AIM:WPHO), the technology group that has developed a cost efficient and innovative LiDAR wind sensor for use on electricity generating wind turbines, announces its unaudited interim results for the six months ended 30 June 2023.\n \nFinancial highlights\n \n· revenue increased by 220% to €1.3 million (H1 2022: €0.4 million)\n· gross profit increased by 290% to €0.74 million (H1 2022: €0.19 million)\n· EBITDA loss reduced to €0.27 million (H1 2022: €0.74 million)\n \nOperational highlights\n \n· overall production capacity increased to 80-100 systems per month, despite supply chain challenges\n· new COO appointed in March to further strengthen the Company's production and logistics functions\n· relocated its China operations to a new facility in Shanghai\n· completed the test project on a GE 1.6MW platform in North America, demonstrating a potential increase of 3.2% in its annual energy production\n \nFor further information, please contact:\n \n\n\n\nWindar Photonics plc\nJørgen Korsgaard Jensen, CEO\n\n\nTel: +45 24234930\n\n\n\n\nWH Ireland Limited\nChris Fielding / James Bavister / Isaac Hooper\n\n\nTel: +44 20 7220 1666\n\n\n\n \nNotes to Editors:\n \nWindar Photonics is a technology group that develops cost-efficient and innovative Light Detection and Ranging (\"LiDAR\") optimisation systems for use on electricity generating wind turbines. LiDAR wind sensors in general are designed to remotely measure wind speed and direction.\n \nhttp://investor.windarphotonics.com\n \n \nThe person responsible for arranging the release of this announcement on behalf of the Company is J...