Raspberry PI Holdings plc ( (GB:RPI) ) has issued an announcement.
Raspberry Pi Holdings plc reported its FY 2024 results, highlighting resilience amid industry-wide destocking. Despite a slight decline in revenue and profit, the company achieved record product launches, including the Raspberry Pi 5 and its first AI hardware products. The successful IPO raised substantial funds, and the company was included in the FTSE 250 index. Strategic partnerships, particularly with SECO S.p.A, and a recovery in channel inventory position Raspberry Pi for strong future demand. The company anticipates solid sales growth in 2025, driven by new product releases and OEM partnerships.
More about Raspberry PI Holdings plc
Headquartered in Cambridge, UK, Raspberry Pi Holdings plc is a leader in high-performance, low-cost computing platforms, catering to industrial and embedded markets, enthusiasts, and educational sectors. The company is a full-stack engineering organization with capabilities in semiconductor IP development, electronic product design, and software engineering. It has significantly contributed to the Raspberry Pi Foundation, supporting computing education globally.
YTD Price Performance: -24.67%
Average Trading Volume: 502,907
Technical Sentiment Signal: Hold
Current Market Cap: £902.5M
See more data about RPI stock on TipRanks’ Stock Analysis page.