Lo-Q, the company that supplies “virtual queue” management systems for the amusement and water park industries, announced that the interim results to April 2011 showed sales of £3.3 million (2010: £2.5 million) and pre-tax loss of £942,000 (2010: £(900,000)).
The company reported that whilst total guest attendances were broadly in line with those for 2010, average customer spend increased 28% due to the increased proportion of guests using premium products.
Period end net cash was £4.0 million (2010: £2.9 million)
The LOQ share price has increased by 61% over the last year.
Lo-Q Plc is currently graded b by LCF Research. To learn more, follow this link.
Filed Under: Technology, Travel And Leisure, Recreational Services, Queuing Systems, Theme Park, Interim Results, Leisure,
Disclaimer:
This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.
Lo-Q plc is engaged in the development and application of virtual queuing technologies. The Company develops virtual queuing technologies for a theme park or other attraction. The Company designs, installs and operates systems, which allow members of the public to make ride and show reservations when they visit a theme park or other attraction. Its flagship product, VQ is a virtual queuing system for theme parks. Its hand-held units, called Q-bots, are used in theme parks around the world. The Company has overseas operations in the United States, Canada, Italy, Germany, Spain and Australia. more »
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Latest company presentation from last week's results available here:
http://www.lo-q.com/documents/Lo-Q-InterimResultsPresentation-220611.pdf