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30-Apr-2021 09:34 AM

FireAngel losses narrow; target discounted equity placing; appoints new CFO

Home safety products supplier FireAngel reported narrower annual losses but announced plans to raise up to £6.9 million at a discount to accelerate new product launches and strengthen its balance sheet. The company said it plans to undertake an op
29-Sep-2020 09:33 AM

FireAngel sees improved performance as lockdown measures ease; narrows losses in H1

Home safety product developer and supplier FireAngel said performance had continued to improve as lockdown measures eased. The company also reported narrrower first-half losses as cost cuts offset a fall in revenue. For the six months ended 30 June 202
30-Jun-2020 02:04 PM

FireAngel first-half revenue slumps, though retail sales improve in June

Home safety product provider FireAngel Safety Technology said its first-half revenue was expected be over 70% of its pre-Covid-19 budgeted levels. 'Whilst the impact of Covid-19 over the period as a whole has been material, June has seen demand retu
27-May-2020 02:01 PM

FireAngel Safety Technology expects sales rebound as lockdowns ease

Home safety product supplier FireAngel Safety Technology said it expected sales to rebound reasonably quickly amid a recent reopening of retail and trade channels. The company had announced last month that revenue for April was almost at 55% of its pre-C
03-Feb-2020 08:03 AM

FireAngel flags further replacement costs from battery fault

Fire safety product distributor FireAngel said it expected to suffer a further exceptional charge from increased product replacement costs. The company said it would take a charge of around £3.2m in the year, relating to stock provisions and the i
09-Dec-2019 09:26 AM

FireAngel warns on profit amid struggles to meet demand

FireAngel warned on profit after its processes were stretched too thin amid a ramp-up in sales activity. For the year ending 31 December, the company said it expected to report an underlying operating loss in the range £2.6m to £2.9m, and rev
24-Sep-2019 08:45 AM

FireAngel sees losses widen with better H2 expected

Loss before tax increased to £3.6m from £2m as revenue grew from £17.7m to £20.7m, in FireAngel's half year report for the period ending 30 June 2019. The company saw its net cash position in 2018 swing to a net debt position
30-Jul-2019 09:49 AM

FireAngel's CEO Neil Smith to step down

Home safety products supplier FireAngel announced that Neil Smith, the Group Chief Executive, would be leaving the company at the end of July, and be replaced by Chairman John Conoley. Graham Whitworth, part-time Executive Director of the Company, had a
29-Mar-2019 09:53 AM

FireAngel to raise £6m to support recovery after swinging to loss amid revenue slump

FireAngel swung to a loss for the year as revenue slumped as its venture into Europe failed to deliver the sales growth management had expected. The company also detailed plans to raise capital approximately £6.0m to accelerate recovery. The shares
06-Mar-2019 09:10 AM

FireAngel appoints Andy Gregg as Operations Director

FireAngel on Wednesday appointed Andy Gregg as Operations Director. Mr Gregg would report to Neil Smith, the Group Chief Executive, and be primarily responsible for the company's technical and new product introduction teams and the group's rel
25-Sep-2018 09:48 AM

FireAngel holds back dividend after profits slump

FireAngel, a supplier of home safety and connected home products, held off declaring a dividend after reporting Tuesday a slump in first-half profits driven by lower sales of smoke alarms in German trade and an anticipated slowdown in UK sales. For the
06-Aug-2018 03:13 PM

FireAngel Safety Technology warns of unexpected annual loss

Home safety product supplier FireAngel Safety Technology Group warned it expected to miss market expectations by reporting a full-year loss, after sliding revenue sent it into the red during the first half. Sales for the six months through June were expe
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