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LightwaveRF warned that losses would be wider than expected for the full year after revenue in the previous quarter was significantly below expectations.
'The company anticipates losses for the year ended 30 September 2019 being materially below market expectations and no less than those of last year (2018: loss of £2.54m)', the company said.
Revenue while expected to have increased by approximately 50% over last year's £2.80m, had been held back by a 'number of one-off issues in the last quarter of the financial year,' the company said.
The company had previously anticipated that full year revenue would more than double last year's.
At 9:36am: (LON:LWRF) LightwaveRF Plc share price was -1.63p at 4.5p