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The latest update is out from Focusrite ( (GB:TUNE) ).
Focusrite plc reported that its performance for the first half of the fiscal year 2025 was in line with expectations, with revenue expected to be at least £80 million, up from £76.9 million in the same period last year. The Content Creation division saw a growth of approximately 5%, while the Audio Reproduction division experienced a 6% decline due to market realignment. Despite compressed gross margins due to elevated freight costs and product mix, the company anticipates improvements through pricing adjustments and new product introductions. Net debt increased to £18 million, reflecting dividend payments and increased stock in anticipation of US tariffs, but is expected to improve in the latter half of the year. Focusrite maintains a strong market position in a normalizing Content Creation market and plans to navigate potential economic challenges, with expectations for the full year remaining unchanged.
More about Focusrite
Focusrite plc is a global music and audio products group that supplies hardware and software used by professional and amateur musicians as well as the entertainment industry.
YTD Price Performance: -33.65%
Average Trading Volume: 172,979
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £102.6M
Find detailed analytics on TUNE stock on TipRanks’ Stock Analysis page.