Focus On The Latest Earnings Of Three FTSE Stocks: DIA, CWR And CPX

Dialight Plc (LON: DIA) is the global leader in sustainable LED lighting for industrial applications. The company has installed numerous LED Mixture all across the globe. The company started its journey in the year 1983 in New York, Brooklyn and manufactured its panel lights for the aeroplane. In the year 1971, the company launched its first LED products. The company helps its client and customers by reducing their energy costs, maintenance costs, and carbon footprint while boosting the productivity and safety of their services.

DIA - Financial Highlights

On 16th March 2020, the company declared its unaudited results for the year ended 31st December 2019.

The revenue decreased to £151.0 million in the year 2019 as compared to £169.6 million in the year 2018. Proforma unaudited operating profit decreased considerably to £5.2 million versus £8.0 million in the year 2018. Statutory (loss)/profit from operating activities were reported at a loss of £11.3 million as compared to a profit of £7.6 million in the year 2018. On the other hand, Net (debt)/cash increased to £16.5 million in the year 2019 as compared to £2.9 million in the year 2018.

In its assets, the property, plant and equipment increased marginally to £15.6 million as at 31st December 2019 versus £14.7 million as at 31st December 2018. The Intangible assets also increased to £21.3 million versus £16.5 million as at 31st December 2018. Inventories decreased to £45.7 million as at 31st December 2019 versus £46.0 million as at 31st December 2018.

Borrowings also increased to £17.0 million versus £5.1 million as at 31st December 2018. The capital expenditure increased to more than double of £6.8 million as compared to £3.1 million in the year 2018.

DIA - Impact of COVID-19

As per the company, many of its end markets are expected to encounter difficulties in short-term. It could be worsened by the potential effects of the Novel Coronavirus. However, the potential impacts on supply and demand are hard to evaluate, 6 per cent of its supply chain is presently exposed to China.

DIA – Share price performance Â

(Source: Thomson Reuters)

On 16th March 2020, at around 02:20 PM (GMT), by the time of writing this report, the stock of Dialight Plc traded at a price of GBX 172.68 per share on the London Stock Exchange, a decrease in the value of around 20.06 per cent or GBX 43.32 per share, as opposed to the closing price of the stock on the previous trading day, which has been reported to be at GBX 216.0 per share.

The beta of the company’s stock has been reported at a value of 0.30, which shows that movement of the share price is less volatile against the movement in the comparative benchmark index.

At the time of writing, the company’s market capitalisation was reported at GBP 70.28 million with respect to the stock’s current market price. The free float and outstanding shares of Dialight Plc stood at 31.94 million and 32.54 million, respectively.

Ceres Power Holdings Plc

A fuel cell engineering and technology company Ceres Power Holdings Plc (LON: CWR) runs with an objective to bring better and cheap energy to homes, businesses and vehicles. The company is working with well-renowned partners to implant Steel Cell technology in mass-market energy products for the transportation, commercial and residential markets.

CWR – Financial Highlights

On 16th March 2020, the company announced its half-yearly results for the six months ended 31st December 2019.

Due to robust progress in key contracts, the company’s revenue and other income increased by 33.6 per cent to £11.0 million for six months ended 31st December 2019. The company reported robust gross margin ratio of 67 per cent, steady with the asset-light licencing business.

The gross profit increased marginally to £6.74 million versus £6.65 million for the six months ended 31st December 2018. The loss for the financial period/year and total comprehensive decreased to £1.6 million as compared to £1.9 million for the six months ended 31st December 2018. The Basic and diluted loss per share reduced to 1.07 pence versus 1.44 pence for the six months ended 31st December 2018.

Intangible assets increased significantly £2.4 million as at 31st December 2019 as compared to £0.118 million as at 31st December 2018. Inventories increased £1.64 million as at 31st December 2019 as compared to £1.58 million as at 31st December 2018.

CWR - Impact of COVID-19

As per the company, it has been examining the impact of COVID-19 very closely and coordinating with partners to safeguard and decrease the influence on business. The current guidance for the full year performance remains aligned with market expectations and the COVID-19 potential impacts on future trading will be assessed later.

CWR – Share price performance Â

(Source: Thomson Reuters)

On 16th March 2020, at around 02:24 AM (GMT), by the time of writing this report, the stock of Ceres Power Holdings Plc traded at a price of GBX 294.0 per share on the London Stock Exchange, a decrease in the value of around 13.78 per cent or GBX 47.0 per share, as opposed to the closing price of the stock on the previous trading day, which has been reported to be at GBX 341.0 per share.

The beta of the company’s stock has been reported at a value of 0.65, which shows that movement of the share price is less volatile against the movement in the comparative benchmark index.

At the time of writing, the company’s market capitalisation was reported at GBP 569.72 million with respect to the stock’s current market price. The free float and outstanding shares of Ceres Power Holdings Plc stood at 96.33 million and 167.07 million, respectively.

CAP-XX Limited

CAP-XX Limited (LON: CPX) produces, builds, and markets thin, prismatic supercapacitors for the use in consumer handheld devices, clean energy applications and commercial & industrial electronics etc. CAP-XX is listed on the London Stock Exchange and trades at the AIM market. The company founded in Australia is headquartered in Lane Cove, Sydney.

CPX – Financial highlightsÂ

The company reported its results for the half-year ended 31st December 2019.

The total sale revenue increased by 21 per cent to A$1.9 million in the half-year ended 31st December 2019. The gross margin ratio increased to 55.4 per cent due to sales revenue mix in the half-year ended 31st December 2019.

Due to improved activity levels from both AVX and Murata, the Royalty and license fees increased to A$0.6 million in the half-year ended 31st December 2019 (2018: A$0.4 million). On a year-on-year basis, the operating expenses were of A$2.9 million (without share-based payments expense) held flat.

At the end of December 2019, the Cash reserves decreased significantly to A$1.8 million. It comprises the earnings of the R&D Tax Rebate of A$1.6 million.

CPX - Impact of COVID-19

As per the company, the impact of Novel coronavirus has been very limited to the business, though it affected some customer orders and the suppliers of their contract manufacturers.

CPX – Share price performance Â

(Source: Thomson Reuters)

On 16th March 2020, at around 02:23 PM (GMT), by the time of writing this report, the stock of CAP-XX Limited traded at a price of GBX 2.05 per share on the London Stock Exchange, a decrease in the value of around 22.64 per cent or GBX 0.60 per share, as opposed to the closing price of the stock on the previous trading day, which has been reported to be at GBX 2.65 per share.

The beta of the company’s stock has been reported at a value of 0.32, which shows that movement of the share price is less volatile against the movement in the comparative benchmark index.

At the time of writing, the company’s market capitalisation was reported at GBP 11.80 million with respect to the stock’s current market price. The free float and outstanding shares of CAP-XX Limited stood at 380.63 million and 438.38 million, respectively.