Focusrite: Music tech firm’s bottom line hit by shipping and logistical woes Shares in UK-based music software company Focusrite plunged 16.7 per cent after it reported that, while demand for its products remains strong, shipping and logistics challenges are squeezing its bottom line. Revenue is expected to come in around £157m, in line with current market expectations, as overall demand for its suite of audio tech products [...]
Focusrite: Music software company hits flat note as revenue falls £11m Tech Focusrite's net debt more than doubled to £27.3m in the first half of the year, which it blamed on higher working capital levels.