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Windar Photonics
(LSE:WPHO)
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Rating:39Underperform
Price Target:
38.00 p
▼(-12.64% Downside)
Action:Reiterated
Date:12/07/25
Windar Photonics' overall stock score is primarily impacted by its weak financial performance and bearish technical indicators. The company's negative valuation metrics further contribute to the low score. While recent corporate events show positive strategic moves, they are not sufficient to offset the significant financial and technical challenges.
Positive Factors
Strong cash and equity base
Improved cash reserves and higher equity provide a durable financial buffer that supports R&D, inventory build and working capital for scaling production. This stability reduces immediate refinancing pressure and gives management time to execute commercial expansion strategies.
Negative Factors
Inconsistent and declining revenue
Declining top-line and inconsistent revenue trends undermine scale benefits and make gross margin leverage harder to realize. Persistent revenue contraction weakens cash generation, pressures operating margins and raises the bar for achieving sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash and equity base
Improved cash reserves and higher equity provide a durable financial buffer that supports R&D, inventory build and working capital for scaling production. This stability reduces immediate refinancing pressure and gives management time to execute commercial expansion strategies.
Read all positive factors
Windar Photonics (WPHO) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£26.03M
Dividend YieldN/A
Average Volume (3M)94.16K
Price to Earnings (P/E)―
Beta (1Y)0.66
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
Employees29
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.02
Shares Outstanding98,236,770
10 Day Avg. Volume137,233
30 Day Avg. Volume94,163
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)5.27
Price to Sales (P/S)12.65
P/FCF Ratio-14.45
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)£7.80M
Windar Photonics Business Overview & Revenue Model
Company Description
Windar Photonics PLC, operating through its various subsidiaries, specializes in the creation and distribution of LiDAR (Light Detection and Ranging) sensors and complementary solutions specifically engineered for electricity-generating wind turbi...
How the Company Makes Money
Windar Photonics generates revenue primarily through the sale of its lidar systems and associated services to wind farm operators and developers. The company's revenue model includes direct sales of hardware, as well as ongoing revenue from mainte...
Windar Photonics Financial Statement Overview
Summary
Income Statement
40
Negative
Balance Sheet
50
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.98M | 4.56M | 4.77M | 1.85M | 551.53K | 1.33M |
| Gross Profit | 2.86M | 2.57M | 2.41M | 946.61K | 446.21K | 701.37K |
| EBITDA | -658.53K | -707.76K | 67.19K | -968.08K | -981.14K | -1.16M |
| Net Income | -1.34M | -906.19K | -182.52K | -1.08M | -1.13M | -1.34M |
Balance Sheet | ||||||
| Total Assets | 13.09M | 15.64M | 3.60M | 4.29M | 3.41M | 3.44M |
| Cash, Cash Equivalents and Short-Term Investments | 6.03M | 7.07M | 152.18K | 1.40M | 40.55K | 626.36K |
| Total Debt | 1.19M | 1.43M | 1.88M | 1.85M | 1.74M | 1.74M |
| Total Liabilities | 2.79M | 4.69M | 3.34M | 3.95M | 4.17M | 3.00M |
| Stockholders Equity | 10.31M | 10.95M | 264.92K | 341.12K | -757.38K | 441.38K |
Cash Flow | ||||||
| Free Cash Flow | -2.09M | -3.99M | -1.13M | -470.99K | -1.05M | -1.04M |
| Operating Cash Flow | -1.62M | -3.14M | -380.18K | -363.54K | -394.10K | -1.04M |
| Investing Cash Flow | -889.56K | -820.62K | -582.97K | -283.98K | -243.91K | -299.10K |
| Financing Cash Flow | 5.79M | 10.89M | -288.35K | 2.01M | 28.83K | 1.20M |
Windar Photonics Technical Analysis
Negative
43.50
Price Trends
27.82
Negative
31.57
Negative
41.97
Negative
Market Momentum
-0.35
Negative
35.37
Neutral
33.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WPHO, the sentiment is Negative. The current price of 43.5 is above the 20-day moving average (MA) of 26.85, above the 50-day MA of 27.82, and above the 200-day MA of 41.97, indicating a bearish trend. The MACD of -0.35 indicates Negative momentum. The RSI at 35.37 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WPHO.
Windar Photonics Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | £3.73B | 50.20 | 8.06% | 2.12% | 4.99% | -24.08% | |
73 Outperform | £53.08M | 4.18 | 22.93% | ― | 136.76% | ― | |
67 Neutral | £258.93M | 64.14 | 3.10% | 2.19% | 12.73% | -26.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | £313.72M | 56.75 | 6.24% | 1.89% | 9.13% | -47.18% | |
42 Neutral | £16.88M | -5.67 | ― | ― | ― | ― | |
39 Underperform | £26.03M | -19.72 | -12.60% | ― | ― | ― |
* Technology Sector Average
GB:WPHO
Windar Photonics
26.50
-22.00
-45.36%
GB:GHH
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GB:JDG
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GB:KMK
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GB:RSW
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82.84%
GB:LST
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1.70
-1.85
-52.11%
Windar Photonics Corporate Events
Regulatory Filings and Compliance
Windar Photonics Director Restructures Shareholding Via Family Trust Transfer
Neutral
Jan 16, 2026
Windar Photonics has disclosed that non-executive director Paul Hodges has transferred 769,310 ordinary shares in the company to a trust established for the benefit of a family member, at a price of £0.50 per share, in a transaction classifie...
Business Operations and StrategyExecutive/Board Changes
Windar Photonics CEO Steps Down as Board Affirms Growth Outlook
Neutral
Jan 6, 2026
Windar Photonics has announced that founder and Chief Executive Officer Jørgen Korsgaard Jensen has stepped down from the Board and his CEO role with immediate effect. Non-Executive Chairman David Lis has been appointed Interim Executive Chai...
Business Operations and StrategyFinancial Disclosures
Windar Photonics Hits Record 2025 Sales but Misses Forecasts as Key China Order Slips to 2026
Positive
Dec 23, 2025
Windar Photonics expects to report record 2025 revenue of €6.5m–€6.8m, about 45% higher than 2024, with improved margins bringing EBITDA to break-even, although sales will fall short of market expectations due to a delayed, high-...
Business Operations and Strategy
Windar Photonics Appoints Zeus Capital as Adviser and Broker
Positive
Dec 15, 2025
Windar Photonics PLC has announced the appointment of Zeus Capital Limited as its Nominated Adviser and Sole Broker. This strategic move is expected to enhance the company’s market positioning and operational efficiency, potentially benefiti...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.