Windar Photonics (WPHO)

Business description

Windar Photonics is a UK-registered, Copenhagen-based developer and manufacturer of an innovative low-cost light detection and ranging (LIDAR) system.

Stock data

Market cap.£35m
Last close83.50p
High / Low (52 weeks)116.0p / 61.5p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamIndustrials
SectorAlternative Energy

Price performance

%1m3m12m
Actual4.4(16.5)4.4
Relative *3.9(18.6)(6.3)

* % Relative to local index

Other companies in sector Show

Company news

Are Windar Photonics PLC's (AIM:WPHO) Interest Costs Too High?

Fri, 28 Jul 2017 14:48:45 GMT

Windar Photonics soars as it secures order for 25 WindEYE units

Fri, 07 Apr 2017 07:34:58 GMT

Windar Photonics picks up five unit order from India

Wed, 28 Dec 2016 13:43:56 GMT

Everything blowing in the right direction for Windar

Fri, 04 Nov 2016 13:52:55 GMT

Windar Photonics links with DTU Wind to improve turbine system

Wed, 12 Oct 2016 12:29:48 GMT

Y/E Dec Revenue (€m) EBITDA (€m) PBT (€m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 0.9 (2.8) (3.3) (8.4) N/A N/A
2016A 1.2 (2.4) (3.0) (7.3) N/A N/A
2017E N/A N/A N/A N/A N/A N/A
2018E N/A N/A N/A N/A N/A N/A

Last updated on 28/06/2017

Investment summary

Windar has recently completed a subscription raising £1.25m (gross) at 82p/share. The funds from the placing will be used to support growth during H217. Our estimates and valuation remain suspended until the interims, when there should be more clarity on test programmes with independent power providers (IPPs) and wind turbine OEMs converting to volume sales.

Last updated on 14/07/2017

Industry outlook

The focus on IPPs has resulted in a recent order from a Mexican IPP for five WindEYE wind sensor units, scheduled for delivery by the end of June. These LiDAR units will be integrated into five Vestas V112 turbines. The current order presents the opportunity to integrate WindEYE units into each of the turbines on the site, which operators intend to extend to over 1GW output over the next couple of years.

Last updated on 03/07/2017

Key management

Martin Rambusch, CEO
Jørgen Laustsen, COO

Company address

Helgeshøj Alle 16-18
DK-2630 Taastrup
Denmark
+45 2055 5599
View website