Hardman & Co Research: LightwaveRF (LWRF): Swith to Smart (Initiation)

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Hardman & Co Research 
Hardman & Co Research: LightwaveRF (LWRF): Swith to Smart (Initiation) 
 
13-March-2019 / 16:16 GMT/BST 
 
*Hardman & Co Research: Switch to Smart * 
 
Against a market backdrop of strong growth in consumer adoption of smart 
home products, Lightwave's next-generation products are seeing a combination 
of favourable reviews and accelerating sales. An almost three-fold increase 
in direct-to-consumer revenue to GBP1.24m in 2018, from GBP0.35m in 2017, was 
followed by an overall revenue growth run rate for the first two months of 
2019 that was 25% higher than the 4Q'18 run rate. Led by an experienced new 
CEO, digital marketing and distribution initiatives are among the management 
team's highest priorities. The GBP2.5m fundraising, due to be completed in 
March 2019, will allow the company to execute on these initiatives. 
 
Please click here for the full report: 
 
https://www.hardmanandco.com/research/corporate-research/switch-to-smart/ 
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End of Announcement - EQS News Service 
 
787271 13-March-2019 
 
 
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(END) Dow Jones Newswires

March 13, 2019 12:16 ET (16:16 GMT)