Ambertech Faces 20% Fall In Consumer Revenues Falling Loss Of Urbanears and Marshall
Sydney based Ambertech who is listed on the ASX, appears to have failed to advise shareholders or the stock exchange, that they have recently lost two key consumer brands Marshall and Urbanears to Melbourne based start-up Aqipa.
The Company whose shares are currently trading at $0.200 have struggled to lift revenues in the consumer market with the loss of Marshall and Urban ears set to impact revenues in their consumer division even further.
Some observers claim that the two brands represent up to 20% of revenues in their consumer division and have been a key contributor to profits.
EBIT was down 39.0% to $759,000 Vs $1,245,000 in the prior year.
While their Lifestyle Entertainment group remained profitable due in part to the contributions made by Marshall and Urbanears, the Company struggled to add new brands. They also claimed that orders from key retailers had slowed.
Ambertech management said that they were “Unable to maintain the competitive advantage seen in the previous corresponding period”.
One of the key brands which the Company claimed had “continued to show performance improvement, with further successes expected in the second half of the financial year” was Marshall who recently moved to launch several new products.
Marshall recently released the Monitor Over Ear Bluetooth headphones with aptX. This technology allows one to roam up to 10 metres away from the sound source, they also have 40mm dynamic drivers.
These headphones also deliver 30+ hours of audio on a single charge. The Company claims that Monitor Bluetooth’s ergonomic over-ear construction delivers superior noise isolation without the bulk, staying light on your ears through hours of listening.
Black vinyl, brass accents and the embossed Marshall script give Monitor Bluetooth an iconic look. A foldable design, heavy-duty cast metal hinges and a canvas carrying case provide extra protection for wherever the road takes you.
The headphones fold for travel, and come with a detachable 3.5mm audio cable for times when you want to use them wired.