Dialight – emphasises “positive” trading momentum, but how positive and how’s the outlook?
By Steve Moore | Wednesday 23 November 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as a “global leader in LED lighting for heavy industrial applications”, Dialight (DIA) has issued a trading statement commencing that it “has seen positive overall trading momentum continue into the second half, with group revenue in the period up 35% (CCY 23%) over the prior year comparator”. That sounds good, but revenue is, of course, vanity – what’s the bottom-line situation?
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