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Shares in smart home solutions specialist LightwaveRF (LON:LWRF) rose by 13.29% to 8.10p (as of 12:00 GMT) after it reported that revenues for the three months ended 31st December rose by 156% to £1.15 million, aided by record sales over Black Friday weekend.
Chief executive Jason Elliott commented: “Having delivered a number of process improvements over the past six months to drive revenue growth, the Company is encouraged by what it has achieved in Q1 2019, almost equalling the £1.17 million generated during H1 2018.
“Lightwave’s retailer and distributor relationships and requisite marketing initiatives are now substantially expanded. I am confident that we can maintain this momentum by focusing on the channels and products, such as our lighting range, that are performing well.“