Starcom posts first-half loss amid flat revenue

09:27 13/08/2019 - Remote tracking specialist Starcom posted a first-half loss after flat revenue was more than offset by R&D, marketing and administration expenses.

Pre-tax losses for the six months through June amounted to $0.51m, compared to losses of $0.48m on-year.

Revenue was stable at $3.1m and Ebitda rose to $75k, up from a $40k loss.

'Although the first-half revenues were in line with the equivalent period last year, we are confident that, based on the company's current sales pipeline, the second half of the year will show an improvement over the second half of 2018,' chief executive Avi Hartmann said.

'It is pleasing to note that we achieved a positive Ebitda result for the period and we expect that this will also be the case for the full year.'

'Initial orders for the new Lokies smart padlock are encouraging and we have high expectations for this new product.'

At 9:27am: (LON:STAR) Starcom PLC share price was -0.1p at 1.1p

Story provided by



What the Papers Say

telegraph financial times daily mail daily express independent times
21:39 FirstFT: Today’s top stories 
21:33 PG&E sinks to 7-month low on new wildfire...
21:30 Wall Street rises for third day while...
20:09 China social media accounts suspended over...
19:48 Banking bodies look at shorter trading day...
19:47 Hong Kong billionaire to buy pub group...
19:46 Royal Mail accord with workers is...
19:45 Markets rally despite new Germany...
source: The Guardian
19:20 Saxo chief predicts more fintech takeovers
19:16 Auction blunder sees sale of oldest...
source: The Daily Mail
[more ...]