Solid State PLC Faces Revenue Challenges Amid Strong Growth Prospects

Solid State (GB:SOLI) has released an update.

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.

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