ProPhotonix lights it up with trading update

Shares in LED illumination systems maker ProPhotonix Limited (LON:PPIX) were a bright spot, up 20% at 1.05p, in early deals after a trading update.

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.

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.

In contrast, the share price of Gear4music Holdings PLC (LON:G4M) 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.

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