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Windar Photonics (WPHO) AI Stock Analysis
Windar Photonics
(LSE:WPHO)
The overall score is low because the company combines strong revenue growth with persistent accounting losses and heavy cash burn, keeping financial risk high despite an improved equity and debt profile. Bearish technicals, with the price well below major moving averages and momentum deeply weak, reinforce the cautious view. A negative P/E and absence of dividends further limit valuation support, leaving the stock largely dependent on an unproven future turnaround.
Windar Photonics (WPHO) vs. iShares MSCI United Kingdom ETF (EWC)
- Market Cap
- GBP 8.47M
- Dividend Yield
- ―
- Average Volume (3M)
- 556.20K
- Price to Earnings (P/E)
- -1.2
- Beta (1Y)
- 0.69
- Revenue Growth
- -29.53%
- EPS Growth
- -210.26%
- Country
- UK
- Employees
- 42
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Hardware, Equipment & Parts
Windar Photonics Business Overview & Revenue Model
Company Description
Windar Photonics PLC, operating through its various subsidiaries, specializes in the creation and distribution of LiDAR (Light Detection and Ranging) sensors and complementary solutions specifically engineered for electricity-generating wind turbines...
How the Company Makes Money
Windar Photonics makes money primarily by selling its LiDAR sensor hardware and associated solutions to customers in the wind industry. The core revenue stream is product revenue from delivering LiDAR units used on wind turbines to measure wind speed...
Windar Photonics Financial Statement Overview
Summary
Revenue has grown strongly over five years, but the company remains loss-making with widening recent losses and consistently negative operating and free cash flow, leaving the business high-risk despite a meaningfully strengthened equity base and modest debt.
Income Statement
38NegativeBalance Sheet
57NeutralCash Flow
24Negative| Breakdown | TTM | Jun 2026 | Dec 2024 | Jun 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.67M | 5.63M | 4.56M | 4.77M | 1.85M | 551.53K |
| Gross Profit | 2.89M | 2.69M | 2.57M | 2.41M | 946.61K | 446.21K |
| EBITDA | -989.53K | -979.36K | -707.76K | 67.19K | -796.95K | -981.14K |
| Net Income | -1.89M | -1.88M | -906.19K | -182.52K | -1.08M | -1.13M |
Balance Sheet | ||||||
| Total Assets | 10.69M | 10.69M | 15.64M | 3.60M | 4.29M | 3.41M |
| Cash, Cash Equivalents and Short-Term Investments | 4.04M | 4.04M | 7.07M | 152.18K | 1.40M | 40.55K |
| Total Debt | 1.61M | 1.61M | 1.43M | 1.88M | 1.85M | 1.74M |
| Total Liabilities | 3.37M | 3.37M | 4.69M | 3.34M | 3.95M | 4.17M |
| Stockholders Equity | 7.32M | 7.32M | 10.95M | 264.92K | 341.12K | -757.38K |
Cash Flow | ||||||
| Free Cash Flow | -1.28M | -1.67M | -3.99M | -1.13M | -470.99K | -1.05M |
| Operating Cash Flow | -1.17M | -1.56M | -3.14M | -380.18K | -363.54K | -394.10K |
| Investing Cash Flow | -1.04M | -1.02M | -820.62K | -582.97K | -283.98K | -243.91K |
| Financing Cash Flow | -859.61K | -429.37K | 10.89M | -288.35K | 2.01M | 28.83K |
Windar Photonics Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WPHO, the sentiment is Neutral. The current price of 4.16 is above the 20-day moving average (MA) of 4.01, below the 50-day MA of 6.83, and below the 200-day MA of 25.08, indicating a neutral trend. The MACD of -0.80 indicates Negative momentum. The RSI at 24.09 is Positive, neither overbought nor oversold. The STOCH value of 52.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:WPHO.
Windar Photonics Peers Comparison
Overall Rating
GB:RSW78Outperform
GB:JDG54Neutral
GB:KMK50Neutral
GB:WPHO39.3Underperform
GB:LST38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| 78Outperform | GBP 3.88B | 31.95 | 12.53% | 1.45% | 14.41% | 41.98% | |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| 54Neutral | GBP 226.46M | -381.11 | -0.72% | 3.45% | -8.18% | -105.44% | |
| 50Neutral | GBP 35.71M | 50.91 | 1.32% | ― | 2.30% | -81.36% | |
| 39Underperform | GBP 8.47M | -1.18 | -68.21% | ― | -29.53% | -210.26% | |
| 38Underperform | GBP 9.43M | -2.66 | -29.91% | ― | ― | ― |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| GB:WPHO | Windar Photonics | 4.10 | -53.40 | -92.87% | |
| GB:JDG | Judges Scientific | 3430.00 | -1992.72 | -36.75% | |
| GB:KMK | Kromek Group plc | 5.45 | -1.35 | -19.85% | |
| GB:RSW | Renishaw plc | 5240.00 | 1867.11 | 55.36% | |
| GB:LST | Light Science Technologies Holdings plc | 0.85 | -4.85 | -85.09% |
Windar Photonics Corporate Events
Windar Photonics Secures Strong Shareholder Backing at AGM
PositiveWindar Photonics reported that all resolutions put to shareholders at its Annual General Meeting on 30 September 2026 were approved on a poll, apart from one withdrawn item related to the re-election of departing board member Søren Belmar. Share...
Windar Photonics secures funding and outlines turnaround after weak first half
NegativeWindar Photonics reported a sharp deterioration in trading for the first half of 2026, with revenue falling to €0.4m from €2.7m and EBITDA losses widening to €2.8m following delayed customer orders and the fallout from previously di...
Windar Photonics Raises £300,000 in Over‑Subscribed Retail Offer Ahead of AIM Admission
PositiveWindar Photonics has completed an over‑subscribed retail share offer, conditionally raising £300,000 through the issue of 6,000,000 new ordinary shares at 5 pence each, with attached warrants exercisable at 10 pence per share until 3 Septe...
Windar Photonics Raises £300,000 in Over-Subscribed Retail Share Offer
PositiveWindar Photonics has completed an over‑subscribed retail offer, conditionally raising £300,000 through the issuance of 6,000,000 new ordinary shares at 5 pence each, with each share carrying a warrant to buy an additional share at 10 pence...
Windar Photonics Resets CEO Share Options After Fundraising and Accounting Probe
NeutralWindar Photonics has adopted a new share option plan and reset the equity-based incentives for its chief executive officer, Andreas Berg Nielsen, following the discovery of accounting irregularities and a subsequent equity fundraising at 5 pence per...
Windar Photonics Launches Follow‑On Retail Offer to Raise £300,000
PositiveWindar Photonics has launched a follow‑on retail share offer via the BookBuild platform to raise up to £300,000 in gross proceeds. The offer follows an over‑subscribed August fundraising and is intended to give existing UK retail sha...
Windar Photonics reshapes finance leadership to bolster controls and reporting
PositiveWindar Photonics has announced a leadership change in its finance function, with Group Chief Financial Officer and Director Søren Belmar stepping down by mutual agreement with immediate effect. The company has appointed experienced finance execu...
Windar Photonics Shares to Resume Trading After £5.1m Fundraising
PositiveWindar Photonics said its £5.1m fundraising has addressed the financial concerns that led to a temporary suspension of its ordinary shares on AIM in June. Trading in the shares will be restored at 7:30 a.m. on 1 September 2026, with the newly is...
Windar Photonics Publishes FY25 Annual Report and Sets AGM Date
NeutralWindar Photonics has published its audited annual results and financial statements for the year ended 31 December 2025, alongside the notice of its upcoming annual general meeting. The documents have been posted to shareholders and made available on...
Windar Photonics Raises £5.12m After Oversubscribed Retail Offer
PositiveWindar Photonics has completed a significantly over‑subscribed retail offer, with investor applications exceeding £0.9 million and resulting in an upsized allocation of £245,000. Together with the placing, direct subscriptions and dir...
Windar Photonics Directors Deepen Commitment in AIM Fundraise
PositiveWindar Photonics has completed a directors’ subscription as part of a wider fundraising, issuing 15,284,334 new shares at 5 pence to raise about £0.76 million and attaching one three‑year warrant per share exercisable at 10 pence. Th...
Windar Photonics Restates China Revenues and Raises £5.1m Amid Record Trial Activity
NegativeWindar Photonics reported audited 2025 results showing restated revenue of €5.7 million, a 68.5% increase on 2024, and a reduced EBITDA loss of €1.0 million, but disclosed accounting irregularities linked to Chinese distributor sales that...
Windar Photonics launches discounted retail offer ahead of AIM trading resumption
NeutralWindar Photonics has launched a retail share offer on the BookBuild platform to raise up to £200,000 through the issuance of up to 4,000,000 new ordinary shares at 5 pence each, a steep discount to the last closing price before its AIM trading s...
Windar Photonics Raises £4.9m in Oversubscribed AIM Fundraising
PositiveWindar Photonics has completed a significantly oversubscribed placing and direct subscription, raising about £4.055 million before expenses via the issue of 81.1 million new ordinary shares at 5 pence each. Together with the directors’ int...
Windar Photonics Strengthens Board With Appointment of Senior Independent Director
PositiveWindar Photonics has announced the conditional appointment of industry veteran Tove Feld as Senior Independent Director and Chair of the Remuneration Committee, effective upon admission of new ordinary shares to AIM following a proposed fundraising....
Windar Photonics launches £4m equity raise amid accounting probe and AIM suspension
NegativeWindar Photonics plans to raise at least £4.0 million via a placing, direct subscription and directors’ intended participation, alongside a retail offer of up to £0.2 million to existing shareholders. New shares will be issued at 5 pe...
Windar Photonics Wins Shareholder Backing for Expanded Share Issuance Powers
PositiveWindar Photonics shareholders have approved two key resolutions at a general meeting, giving the board authority to allot new ordinary shares with a nominal value of up to £2.1m, equivalent to about 214% of the current issued share capital. A re...
Windar Photonics advances major trials and plans equity raise ahead of lifting share suspension
PositiveWindar Photonics has secured agreements for two additional product trials with significant wind farm operators in Europe and the U.S., taking the number of live trials and turbines involved to the highest level in the company’s history. These t...
Windar Photonics Seeks Critical £4m Lifeline After Accounting Irregularities and Order Delays
NegativeWindar Photonics has called a 7 August general meeting to secure shareholder approval for an equity fundraising of about £4 million, after uncovering accounting irregularities involving roughly €2.8 million of sales to two Chinese distribu...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 06, 2026