{"id":150328,"date":"2020-06-23T11:14:23","date_gmt":"2020-06-23T11:14:23","guid":{"rendered":"https:\/\/www.bnreport.com\/prophotonix-lights-it-up-with-trading-update\/"},"modified":"2020-06-23T11:14:23","modified_gmt":"2020-06-23T11:14:23","slug":"prophotonix-lights-it-up-with-trading-update","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/prophotonix-lights-it-up-with-trading-update\/","title":{"rendered":"ProPhotonix lights it up with trading update"},"content":{"rendered":"<p>Shares in LED illumination systems maker ProPhotonix Limited (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:PPIX\/ProPhotonix-Ltd\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:PPIX<\/a>) were a bright spot, up 20% at 1.05p, in early deals after a trading update.<\/p>\n<p>Trading through the first five months of 2020 has been in line with the same period of 2019, with revenue of around U$5.8mln, although bookings were down to US$5.7mln from US$6.9mln the year before.<\/p>\n<p>The shares have slumped 30% this year but perked up after the company, which has yet to publish its results for 2019, said the loss for last year will be broadly comparable to 2018s loss once the effect of stock compensation benefit\/expense is stripped out.<\/p>\n<p>In contrast, the share price of <a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:G4M\/Gear4music-Holdings-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">Gear4music Holdings PLC<\/a> (<a href=\"https:\/\/www.proactiveinvestors.co.uk\/LON:G4M\/Gear4music-Holdings-PLC\/\" rel=\"noreferrer noopener\" target=\"_blank\">LON:G4M<\/a>) has risen by more than 50% this year and it rose another 23% (to 395p) on Tuesday on the back of the online retailer of musical kits full-year results.<\/p>\n<p>Unde<a href=\"https:\/\/www.proactiveinvestors.co.uk\/companies\/news\/922531\/prophotonix-lights-it-up-with-trading-update-922531.html\" rel=\"noreferrer noopener\" target=\"_blank\">Read More \u2013 Source<\/a><br \/>\n[contf]<br \/>\n[contfnew]<br \/>\n        <img decoding=\"async\" src=\"https:\/\/webfiles.thecse.com\/PRO_LOGO_P_COLOUR.png?sYToe11NLbcXiyGkVa5syF9WB04cy98G\"\/><\/p>\n<h5><a href=\"https:\/\/www.proactiveinvestors.co.uk\/\" rel=\"noreferrer noopener\" target=\"_blank\">Proactiveinvestors<\/a><\/h5>\n<p>[contfnewc]<br \/>\n[contfnewc]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in LED illumination systems maker ProPhotonix Limited (LON:PPIX) were a bright spot, up 20% a..<\/p>\n","protected":false},"author":1,"featured_media":150329,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-150328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - 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