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Toumaz sees small decline in full year revenue

Wed, 16th Jan 2013 13:23

Toumaz, which develops low cost, ultra-low power wireless technology, said Wednesday that its full year loss before interest, tax, depreciation and amortisation (BITDA) has risen on broadly flat revenues.The BITDA loss for the 12-month period will be in the region of £10.9m (2011: £6.1m), with an increase in costs resulting from higher investment in new chip development, one-off costs of acquiring Frontier Silicon and increased marketing spend to stimulate DAB demand in Germany. Full year revenues came in at £22.3m, compared to £24.8m in 2011 (excluding non-recurring revenues in 2011). On a statutory basis revenues for 2012 will be in the region of £8.5m.The company expects its cash levels at the end of the period to be no less than £15.2m. Anthony Sethill, Chief Executive, said: "With our market leading position in wireless radio chips, our focus is now on investment in new chip development across our core business units, healthcare (including sport and fitness), digital radio and network audio. "We continue to prove and roll-out our SensiumVitals healthcare monitoring system. This will be updated with the Sensium 2 integrated circuit which conforms to the latest industry standards for body area networks, as well as Bluetooth Smart. "The digital radio business will also benefit from a new range of highly-integrated, lower-cost and multi standard chips combining Toumaz and Frontier technologies, and in network audio, a new Bluetooth connected audio module will address the growing demand in the wireless audio connectivity space. "These research and development projects will strengthen and update our product range, ensuring we maintain our market position and are expected to bring significant revenue growth from 2015."The share price fell 14% to 5.38p by 13:38.NR
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4 Sep 2013 09:51

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13 Aug 2013 15:50

STOCKS NEWS EUROPE-UK small caps rise broadly in line with blue-chips

UK small caps and junior-listed AIM shares rise 0.3 and 0.6 percent respectively, performing broadly in line with a 0.6 percent gain on the blue-chip FTSE 100 index, while the FTSE 250 mid-cap index rises 0.2 percent, hovering close to record highs hit earlier this month. Toumaz Ltd, the pi

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16 Jan 2013 11:10

STOCKS NEWS EUROPE-UK small caps shed 0.8 pct, lag broad market

The FTSE Small Caps index sheds 0.8 percent, lagging the blue-chip FTSE 100 and mid-cap FTSE 250 indexes, both down 0.5 percent. Shares in Toumaz shed 10 percent as the wireless technology developer unveils a drop in revenue for 2012, in its first full-year report since the acquisition of semiconduc

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1 Nov 2012 14:14

Toumaz begins pilot of wireless plaster in US

Toumaz, a pioneer in low cost, ultra-low power wireless technology, has started to pilot its digital vital signs plaster, SensiumVitals, in a major US hospital. The pilot is being carried out at St. John's Health Centre in Santa Monica, California, by Toumaz US, the Group's US joint venture with D

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3 Jan 2012 17:06

London close: Footsie zeros in on 5700

After a moderately buoyant morning session, UK shares raced ahead in the afternoon, encouraged by a very strong showing on Wall Street. The mineral extractors blazed the trail after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3

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3 Jan 2012 12:08

London midday: Resource stocks lead the way

A number of European markets were open yesterday and notched up good gains, so London has been playing catch-up this morning. The mineral extractors are leading the advance after moderately encouraging manufacturing data from China. China's official purchasing managers' index (PMI) rose to 50.3 in

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3 Jan 2012 09:50

Imagination takes a slice of Toumaz

Toumaz, an AIM listed company which designs ultra low-power wireless systems jumped to a 52-week high after spinning off a new subsidiary in which chip-designer Imagination Technologies will take a stake. The joint venture, Toumaz Microsystems, will focus on developing integrated circuits (IC) for

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21 Sep 2011 08:45

Toumaz pares losses

Wireless communications firm Toumaz cut its losses in the first half of the year and said it had achieved a number of important milestones. The firm posted a loss of £3.5m in the first half of 2011, compared with a £3.7m loss the previous year. For the six months to June 2011 revenues were £0.7m,

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31 Mar 2011 14:50

Sector movers: Mothercare pressures retailers lower

Retailers are sharply lower Thursday, with blue chips Next and Kingfisher falling into the red. On the FTSE 250, Mothercare, Dixons, Carpetright, Sports Direct and Dunelm are providing a drag. Baby clothes retailer Mothercare has seen its share price drop by almost a tenth, after margins were sque

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29 Mar 2011 09:36

Toumaz sales fall as development continues

Wireless technology group Toumaz saw revenues fall in the year to 31 December as it concentrated its activities on developing products that will deliver future sales. The firm, whose products include a 'digital plaster' used to monitor patients' health, posted a pre-tax loss of £6.69m, against a de

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18 Mar 2011 14:33

Sector movers: Nuclear closures lift electricity shares

Electricity stocks are on the rise as the investors assess the impact of the Japanese nuclear crisis on the UK power sector. Broker Panmure Gordon has said that higher gas and electricity prices - as a result of plant closures in Japan and Germany - would be most obviously positive for Drax, labell

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10 Feb 2011 15:48

New US backer for Toumaz

California Capital Equity LLC (CCE) has made a strategic investment in low-power, wireless technology developer Toumaz. CCE is investing £1.29m at 8.83p a share for a 2.46% stake in the AIM-quoted company. CCE intends to work with Toumaz to develop its Sensium technology for use in sport. There c

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