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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
4 mins to read

Rakon keen to ‘get up on its foils’ as telco sector sales sink

NZX-listed oscillator maker has been struggling with headwinds for several consecutive periods.

A range of Rakon oscillators and timing control devices.

Will Mace Wed, 27 Nov 2024
Key points
  • Revenue: Down 51% to $16.8m
  • Profit: Down from $500,000 profit to $10.4m loss
  • Main takeaway: Company looks to diversify due to core revenue weakness.

 

Lower sales volumes through Rakon’s telecommunications and positioning industry customers has led to inefficiencies that are weighing on the company’s gross margin, but the company's leaders say its fortunes will reverse once it "gets up on its foils".

The NZX-listed oscillator maker invoked the

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Will Mace Wed, 27 Nov 2024
Contact the Writer: william@nbr.co.nz
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Key points
  • Revenue: Down 51% to $16.8m
  • Profit: Down from $500,000 profit to $10.4m loss
  • Main takeaway: Company looks to diversify due to core revenue weakness.

 

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Rakon keen to ‘get up on its foils’ as telco sector sales sink
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