UK's Touchstar posts H1 adjusted core profit; flags weaker second half
UK's Touchstar posts H1 adjusted core profit; flags weaker second half
Overview
UK connected tech provider's H1 revenue was flat yr/yr at £3.4 mln
Adjusted EBITDA turned positive in H1, while pre-tax loss was unchanged
Company expects slightly weaker H2 revenue amid economic uncertainty
Outlook
Touchstar expects H2 2026 revenue to be slightly weaker than H1 2026
Company anticipates full-year 2026 loss will be lower than current market expectation
Touchstar maintains expectation of returning to profitability in 2027
Result Drivers
LOGISTICS PORTFOLIO SIMPLIFICATION - Co said ceasing standalone development and marketing of PODStar has concentrated investment and clarified logistics capabilities
ENGINEERING LEADERSHIP - Appointment of Head of Engineering has improved product roadmap ownership and delivery capacity
SALES MODEL REDESIGN - Internal sales model was redesigned to improve customer coverage, cross-selling and reduce reliance on individual account managers
Company press release: ID:nRSB9842Sa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| GBP 3.4 mln |
|
H1 ADJ-EBITDA |
| GBP 30,000 |
|
H1 Pretax Loss |
| GBP 100,000 |
|
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)