Windar reports steep sales decline and corrects interim accounting figures
Windar Photonics ($WPHO) reported first-half revenue of approximately €0.4 million, down from €2.7 million, and an EBITDA loss of €2.8 million versus €0.2 million previously. Delayed conversion of opportunities and two major contracts that failed to progress as expected weakened activity. The wind-turbine optimization specialist ended the period with €0.6 million of net debt, compared with €3.2 million of net cash at year-end. The accounts also revised previously indicated first-half revenue upw
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