Zytronic (AIM:ZYT) – cracking results and promise of more to come
The leading specialist manufacturer of touch sensors and one of our AIM favourites announced lovely interim results for the six months ended 31 March 2015. With the cash pile growing this delightful little British business looks in great shape.
The Group’s products employ an embedded sensing element and are based around projected capacitive technology (“PCT™”) sensing. PCT offers significant durability, environmental stability and optical enhancement benefits to system designers of touch interactive, industrial, self-service and public access equipment. During 2012, Zytronic developed new know-how to create mutual projected capacitive technology (“MPCT™”) which enables multi-user and multi-touch touch sensing in ultra-large form factor sizes up to 84”. Fantastic stuff! There is quite a lot to like with the following numbers. Revenue increased 13.6% to £10.0m with Touch revenues now accounting for 80% of total (2014: 77%). The gross profit margin…