Focusrite (AIM: TUNE) results in-line and new products well received
The global music and audio products company supplying hardware and software products used by professional and amateur musicians around the world, and another relative newcomer to AIM, has reassured that full year results will be in line with expectations
Expectations for the year ending 31st August 2015 are for pre-tax profit of £7.21m and earnings per share of 10.20p. We covered the Group in more detail in our commentary published on 31st March 2015. The Group has introduced 19 new products in the last 12 months, including most recently, new audio interfaces from its Clarett range targeted primarily at professional recording artists and studios; and grid instruments from its Launchpad range used to produce Electronic Dance Music, a large growth sector in the audio recording market. Initial market reaction has apparently been very positive for these new products. The…