Business
Why the Atomos (ASX:AMS) share price is shooting the lights out
The Atomos Ltd (ASX: AMS) share price is surging higher this morning, after the video equipment company announced a sales guidance update. At the time of writing, the Atomos share price is up an outstanding 13.2% to $1.11.
What did Atomos announce?
The Atomos share price is on the move after announcing it has surged past its previous sales guidance.
According to this morning’s release, Atomos advised it has delivered $32.6 million in sales for the first-half of FY21. The result was a much better than the expected $28 million for the 6 months ending December 2020.
In contrast, $11.8 million was achieved the prior period, although this was marred by global COVID-19 lockdowns which affected trading conditions.
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