Windar Photonics – “pleased to update the market” = missing 2024 revenue expectations range in an update nearly three months after the year-end!

Wind turbines LiDAR-assisted monitoring and optimisation technology company Windar Photonics (WPHO) has issued a “Trading Update and First Discreet Software Order” announcement commencing that it “is pleased to update the market on its expectations for the year to 31 December 2024 and current trading”. Hmmm – firstly it’s now getting towards the end of March 2025, and I note the shares are down from a start of 2025 above 60p to a most recent close 42p. So how ‘pleasing’ really is this update?

Windar Photonics (#WPHO) – customer delays mean 2024 “EBITDA will now be at the bottom end guidance” with now “expected strong trading in the first half of 2025”

Windar Photonics – having three weeks ago stated “a strong balance sheet”, now a discounted placing including to “strengthen the company's balance sheet”!

Wind turbines sensors and software company Windar Photonics (WPHO) has announced a placing it emphasises is “principally for growth and general working capital, to bolster the executive management team and to strengthen the company's balance sheet as it continues its profitable momentum”. Hmmm, what price then compared to a most recent close 51p share price?

Windar Photonics – interims, how much confidence to have in meeting full-year expectations?

Wind sensors and related technology company Windar Photonics (WPHO) has announced results for the first half of 2024 and that “following the successful, oversubscribed, undiscounted share placing at a premium in April to raise £4.4m (before expenses) to support growth, the company is pleased to give an update on current trading and on its latest business development activities”. How do these compare to a current 43p share price?

Windar Photonics – “AGM Trading Update”. Er, how’s trading then?!

Wind sensors and related software company Windar Photonics (WPHO) has issued an “AGM Trading Update”-titled announcement and what of this and the shares, at 48.5p, remaining up from below 35p as recently as April?

Windar Photonics (#WPHO) – argues order outlook view “remains optimistic”

Windar Photonics (#WPHO) – NED Gavin Manson to move to “temporary, flexible part-time Executive contract”, further information on 2022-appointed Andy Richardson

Windar Photonics – 2023 results, what was the fundraising really mainly for?

Previously writing on LiDAR wind sensors and software company Windar Photonics (WPHO), in April I wrote what’s the “proposed placing” really mainly for?. What of its today-announced, just in time to avoid shares suspension, audited results for the 2023 calendar year?

Windar Photonics – what’s the “proposed placing” really mainly for?…

A “New Order, Trading Update and Proposed Placing”-titled announcement from LiDAR wind sensor and software company Windar Photonics (WPHO) today with CEO Jorgen Korsgaard Jensen emphasising “this new order also makes history for the company as it records its first revenue stream from software sales… look forward to continued progress as we seek to expand our offering further by selling not only upfront software licenses but also additional performance software-related improvement services”. So what of the shares currently at 34p in response?

Windar Photonics (#WPHO) – proposed up to £4m placing at 35p per share, stated to be including after recent contract wins

Windar Photonics (#WPHO) – a new order and “improved outlook” but currently “supply chain challenges” impact

Windar Photonics – 2022 results, how’s the going concern risk now?

Wind turbines LiDAR sensor company Windar Photonics (WPHO) states that it “is pleased to announce its final audited results for the year ended 31 December 2022”. Hmmm – so what of the shares currently still around 23.5p in response, down from above 30p as recently as early this year?

Windar Photonics – further director shares purchase, how’s the financial position now?

A “Director Dealing” announcement from Windar Photonics (WPHO) and the shares currently up towards 20p. So what of a current circa £13.6 million market capitalisation?

Windar Photonics – “a strong financial position to facilitate the delivery of the order book”?

LiDAR wind sensors for wind turbines company Windar Photonics (WPHO) has announced restoration of trading in its shares following the publication of accounts and with a £1.8 million placing at 15p per share. So what of a share price up to 15.5p, a prospective £10.3 million market cap?

Windar Photonics (#WPHO) – raises £1.8m at 15p per share, shares resume trading following accounts publication

Windar Photonics (#WPHO) – proposed £2m placing at 15p per share

Windar Photonics – trading warning including on 2021 results. Er, but it’s nearly the end of June 2022!

Previously writing on LiDAR wind sensor technology company Windar Photonics (WPHO), towards the end of last year with the shares up to 18p I noted a second order doesn’t validate the system and that a substantial market to target is very different to substantial cash-generative orders and to continue to avoid. Now an update from the company... and the shares currently slumping to 6p, so what’s going on?...

Windar Photonics – “second volume order”… but what about the financial situation?

LiDAR wind sensor technology company Windar Photonics (WPHO) “is pleased to announce that it has received a second volume order under the company's global distribution agreement with Vestas Wind Systems A/S”. So what of a current more than 4% share price rise to 18p?...

Windar Photonics – emphasises “volume order”… but “global market presence” or balance sheet concern?

LiDAR wind sensor technology company Windar Photonics (WPHO) is “very pleased to report that our efforts over the last couple of years, in partnership with Vestas, are now starting to generate substantial orders”. How substantial and what of a current 13% increased, approaching 20p, share price?...

Windar Photonics – interims state “encouraging project pipeline”, so why the share price decline?...

Previously writing on Windar Photonics (WPHO), in December I concluded that I retained balance sheet concerns and still on the bargepole list. The shares rose significantly earlier this year but have since fallen significantly back again and are currently a further more than 11% lower, at 16p, on the back of half-year results the company argues show an “encouraging project pipeline”.