Focusrite Plc releases AGM statement and trading update

  • Dec 21, 2019 GMT
  • Team Kalkine
  • Revenue is higher than the corresponding prior-year period
  • The company’s prospects were augmented by the acquisition of ADAM audio in July 2019
  • Within Focusrite and Novation businesses, product revenue in the first quarter of FY2020 has been comparable to that in the prior year
  • Total revenue in 1Q FY2020 is lower than in the year-ago period due to one-time gain in 1H FY19 and strengthening of GBP against the US Dollar.

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