Solid State (GB:SOLI) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Solid State PLC reported a challenging first half of the financial year with a 29.9% drop in revenue to £61.8 million, influenced by difficult trading conditions and revenue shifts from their Systems division. Despite the decline, the company remains optimistic about future growth due to a robust pipeline of new design wins and ongoing investments to enhance capacity. Recent acquisitions and a rebuilding order book also bolster confidence in meeting revised market expectations.
For further insights into GB:SOLI stock, check out TipRanks’ Stock Analysis page.
