Revenues fall at Blackburn firm

Revenues fall at Blackburn firm

Revenues fall at Blackburn firm

First published in News

REVENUES at Blackburn technology firm Promethean have plummeted by almost a fifth in the first six months of the year.

Despite a strong showing in North America, the education experts, based in Lower Philips Road, saw takings up to the end of June fall by 17.6 per cent to £57.7m.

Gross profit at the firm, which floated on the London Stock Exchange for £400m in 2010, was £18m, down almost 28 per cent on the figure of £24.9m in the same period last year.

Promethean, a world leader in interactive whiteboards and other classroom software, suffered an operating loss of £6.4 million, compared to £3.4 million for the first half of 2013.

It was floated on the stock market in 2010 by the firm’s founder, businessman Tony Cann, and was one of the regions strongest growing firms.

But the credit crunch and a contraction in the market has seen the company change its focus from hardware to software products.

It continues to employ more than 200 people at its Whitebirk site.

Jim Marshall, the company’s chief executive officer, said the response to its new Class Flow software, which allows teachers to organise and deliver multi-media lessons through tablets, had been ‘encouraging’.

He said: “Together with our professional services team, we anticipate that it will be a key differentiator, helping us win new contracts.

“Its development path goes beyond aggregating data in classrooms, to aggregating and enabling analysis of data at school, district and national levels, creating the prospect for further significant improvements in learning and administration efficiency.

“All of this is helping us evolve from being a hardware to being a software and solutions driven company, strengthening our positioning in the changing educational technology marketplace.

“The impact of our software strategy will only begin to be felt towards the end of this year, but we expect it to grow steadily from next year onwards.

“In the meantime, we will continue to manage our business prudently and conserve our cash.”

Promethean’s shares were valued at around 27p yesterday, down from 30p prior to the announcement of the half-year results.

Comments (11)

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9:45pm Sat 2 Aug 14

woolywords says...

Not news..
Promethean had great results, years ago, when it was a niche market..
but now, with the newer versions, of a better thing...
Sadly, technology has moved on, as they chose to rest on their laurels..
...
If you innovate, consider that, what you do, without proper patents, will expose you to copyright theft..
A Dragons Den rule..
...
Promethean has, for years, traded upon a near unique form of interactive tool. Sadly, times have moved on, and therefore they are considered, a dying company, that even the Stocks consider, a bad risk..
...
If they had considered the proposal of virtual headsets, as the next move on, in classroom education.. Which they didn't..
I might feel sorry for them.. but, as ever, and so many before them, they go the way of the Dodo, in the electronic age..
Bye-bye Promethean.
...
I have no bias but..
am glad that, as it fails, Heather Bleasdale, is having a laugh too..
Have always liked her, such a jolly woman..
Mind you, I knew her Father-in-law, very well..
...
Barrry, you can't sign my agency timesheet as a Director, as I wouldn't trust you, to direct cars in a car park..
As ever, me and my gob..
Barry Bleasdale was a Director.
am sure that, after my agency time was finished, he had an hand in making me stay there, for 10 years..
I was only supposed to be there for 12 weeks.
...
And, If I'm naming names..
Oh, never mind..
Jim Walmsley tried to sack me, about 9 times..
but..
him being him and me being me..
neither of us walked off the job.
He once accused me of being, drunk on the job..
which is really, instant dismissal,
but him being him, I got a pass..
...
am like that, I never forget a good deed done to me..
you should strive, to do the same.
...
Jim, if you are reading this..
Ask Bryn, if he recalls me saying, days after 9/11, 'watch your cash flow..'
I won't say that, I told you so..
Not news.. Promethean had great results, years ago, when it was a niche market.. but now, with the newer versions, of a better thing... Sadly, technology has moved on, as they chose to rest on their laurels.. ... If you innovate, consider that, what you do, without proper patents, will expose you to copyright theft.. A Dragons Den rule.. ... Promethean has, for years, traded upon a near unique form of interactive tool. Sadly, times have moved on, and therefore they are considered, a dying company, that even the Stocks consider, a bad risk.. ... If they had considered the proposal of virtual headsets, as the next move on, in classroom education.. Which they didn't.. I might feel sorry for them.. but, as ever, and so many before them, they go the way of the Dodo, in the electronic age.. Bye-bye Promethean. ... I have no bias but.. am glad that, as it fails, Heather Bleasdale, is having a laugh too.. Have always liked her, such a jolly woman.. Mind you, I knew her Father-in-law, very well.. ... Barrry, you can't sign my agency timesheet as a Director, as I wouldn't trust you, to direct cars in a car park.. As ever, me and my gob.. Barry Bleasdale was a Director. am sure that, after my agency time was finished, he had an hand in making me stay there, for 10 years.. I was only supposed to be there for 12 weeks. ... And, If I'm naming names.. Oh, never mind.. Jim Walmsley tried to sack me, about 9 times.. but.. him being him and me being me.. neither of us walked off the job. He once accused me of being, drunk on the job.. which is really, instant dismissal, but him being him, I got a pass.. ... am like that, I never forget a good deed done to me.. you should strive, to do the same. ... Jim, if you are reading this.. Ask Bryn, if he recalls me saying, days after 9/11, 'watch your cash flow..' I won't say that, I told you so.. woolywords
  • Score: -35

9:59pm Sat 2 Aug 14

Graham Hartley says...

Promethean hardware was stiffly priced, the software at least as stiff. The close equivalent of both can be had for less elsewhere. What is at a premium is an independent, integrated understanding of how to use the product. Promethean charged too much for that, too. Greedy, latterly desperate.
Promethean hardware was stiffly priced, the software at least as stiff. The close equivalent of both can be had for less elsewhere. What is at a premium is an independent, integrated understanding of how to use the product. Promethean charged too much for that, too. Greedy, latterly desperate. Graham Hartley
  • Score: 32

11:50pm Sat 2 Aug 14

2 for 5p ridesagain says...

It looks like the workforce at promethean will be going to the dance soon.
(the REDUNDANCE ). :-)
It looks like the workforce at promethean will be going to the dance soon. (the REDUNDANCE ). :-) 2 for 5p ridesagain
  • Score: -37

1:06am Sun 3 Aug 14

Steven11 says...

2 for 5p ridesagain wrote:
It looks like the workforce at promethean will be going to the dance soon.
(the REDUNDANCE ). :-)
Never smoke without fire !
[quote][p][bold]2 for 5p ridesagain[/bold] wrote: It looks like the workforce at promethean will be going to the dance soon. (the REDUNDANCE ). :-)[/p][/quote]Never smoke without fire ! Steven11
  • Score: 33

1:13am Sun 3 Aug 14

Rich Riley says...

woolywords wrote:
Not news..
Promethean had great results, years ago, when it was a niche market..
but now, with the newer versions, of a better thing...
Sadly, technology has moved on, as they chose to rest on their laurels..
...
If you innovate, consider that, what you do, without proper patents, will expose you to copyright theft..
A Dragons Den rule..
...
Promethean has, for years, traded upon a near unique form of interactive tool. Sadly, times have moved on, and therefore they are considered, a dying company, that even the Stocks consider, a bad risk..
...
If they had considered the proposal of virtual headsets, as the next move on, in classroom education.. Which they didn't..
I might feel sorry for them.. but, as ever, and so many before them, they go the way of the Dodo, in the electronic age..
Bye-bye Promethean.
...
I have no bias but..
am glad that, as it fails, Heather Bleasdale, is having a laugh too..
Have always liked her, such a jolly woman..
Mind you, I knew her Father-in-law, very well..
...
Barrry, you can't sign my agency timesheet as a Director, as I wouldn't trust you, to direct cars in a car park..
As ever, me and my gob..
Barry Bleasdale was a Director.
am sure that, after my agency time was finished, he had an hand in making me stay there, for 10 years..
I was only supposed to be there for 12 weeks.
...
And, If I'm naming names..
Oh, never mind..
Jim Walmsley tried to sack me, about 9 times..
but..
him being him and me being me..
neither of us walked off the job.
He once accused me of being, drunk on the job..
which is really, instant dismissal,
but him being him, I got a pass..
...
am like that, I never forget a good deed done to me..
you should strive, to do the same.
...
Jim, if you are reading this..
Ask Bryn, if he recalls me saying, days after 9/11, 'watch your cash flow..'
I won't say that, I told you so..
Retard!
[quote][p][bold]woolywords[/bold] wrote: Not news.. Promethean had great results, years ago, when it was a niche market.. but now, with the newer versions, of a better thing... Sadly, technology has moved on, as they chose to rest on their laurels.. ... If you innovate, consider that, what you do, without proper patents, will expose you to copyright theft.. A Dragons Den rule.. ... Promethean has, for years, traded upon a near unique form of interactive tool. Sadly, times have moved on, and therefore they are considered, a dying company, that even the Stocks consider, a bad risk.. ... If they had considered the proposal of virtual headsets, as the next move on, in classroom education.. Which they didn't.. I might feel sorry for them.. but, as ever, and so many before them, they go the way of the Dodo, in the electronic age.. Bye-bye Promethean. ... I have no bias but.. am glad that, as it fails, Heather Bleasdale, is having a laugh too.. Have always liked her, such a jolly woman.. Mind you, I knew her Father-in-law, very well.. ... Barrry, you can't sign my agency timesheet as a Director, as I wouldn't trust you, to direct cars in a car park.. As ever, me and my gob.. Barry Bleasdale was a Director. am sure that, after my agency time was finished, he had an hand in making me stay there, for 10 years.. I was only supposed to be there for 12 weeks. ... And, If I'm naming names.. Oh, never mind.. Jim Walmsley tried to sack me, about 9 times.. but.. him being him and me being me.. neither of us walked off the job. He once accused me of being, drunk on the job.. which is really, instant dismissal, but him being him, I got a pass.. ... am like that, I never forget a good deed done to me.. you should strive, to do the same. ... Jim, if you are reading this.. Ask Bryn, if he recalls me saying, days after 9/11, 'watch your cash flow..' I won't say that, I told you so..[/p][/quote]Retard! Rich Riley
  • Score: 37

6:20am Sun 3 Aug 14

boomtown says...

looks like someone has opened pandora's box
looks like someone has opened pandora's box boomtown
  • Score: 36

10:29am Sun 3 Aug 14

greenscreener says...

2 for 5p ridesagain wrote:
It looks like the workforce at promethean will be going to the dance soon.
(the REDUNDANCE ). :-)
The fate of a workforce often rests on the abilities of their leaders, they rarely make the key decisions that influence their future.

You too will learn this if you ever grow up and get a proper job.
[quote][p][bold]2 for 5p ridesagain[/bold] wrote: It looks like the workforce at promethean will be going to the dance soon. (the REDUNDANCE ). :-)[/p][/quote]The fate of a workforce often rests on the abilities of their leaders, they rarely make the key decisions that influence their future. You too will learn this if you ever grow up and get a proper job. greenscreener
  • Score: -23

10:39am Sun 3 Aug 14

CapitaBackHander says...

woolywords wrote:
Not news..
Promethean had great results, years ago, when it was a niche market..
but now, with the newer versions, of a better thing...
Sadly, technology has moved on, as they chose to rest on their laurels..
...
If you innovate, consider that, what you do, without proper patents, will expose you to copyright theft..
A Dragons Den rule..
...
Promethean has, for years, traded upon a near unique form of interactive tool. Sadly, times have moved on, and therefore they are considered, a dying company, that even the Stocks consider, a bad risk..
...
If they had considered the proposal of virtual headsets, as the next move on, in classroom education.. Which they didn't..
I might feel sorry for them.. but, as ever, and so many before them, they go the way of the Dodo, in the electronic age..
Bye-bye Promethean.
...
I have no bias but..
am glad that, as it fails, Heather Bleasdale, is having a laugh too..
Have always liked her, such a jolly woman..
Mind you, I knew her Father-in-law, very well..
...
Barrry, you can't sign my agency timesheet as a Director, as I wouldn't trust you, to direct cars in a car park..
As ever, me and my gob..
Barry Bleasdale was a Director.
am sure that, after my agency time was finished, he had an hand in making me stay there, for 10 years..
I was only supposed to be there for 12 weeks.
...
And, If I'm naming names..
Oh, never mind..
Jim Walmsley tried to sack me, about 9 times..
but..
him being him and me being me..
neither of us walked off the job.
He once accused me of being, drunk on the job..
which is really, instant dismissal,
but him being him, I got a pass..
...
am like that, I never forget a good deed done to me..
you should strive, to do the same.
...
Jim, if you are reading this..
Ask Bryn, if he recalls me saying, days after 9/11, 'watch your cash flow..'
I won't say that, I told you so..
They kept you prisoner for 10 years? Or did they try and get rid of you 9 times? I think an accusation of drunk on the job was better than what I would say you are! I don't even know you!
[quote][p][bold]woolywords[/bold] wrote: Not news.. Promethean had great results, years ago, when it was a niche market.. but now, with the newer versions, of a better thing... Sadly, technology has moved on, as they chose to rest on their laurels.. ... If you innovate, consider that, what you do, without proper patents, will expose you to copyright theft.. A Dragons Den rule.. ... Promethean has, for years, traded upon a near unique form of interactive tool. Sadly, times have moved on, and therefore they are considered, a dying company, that even the Stocks consider, a bad risk.. ... If they had considered the proposal of virtual headsets, as the next move on, in classroom education.. Which they didn't.. I might feel sorry for them.. but, as ever, and so many before them, they go the way of the Dodo, in the electronic age.. Bye-bye Promethean. ... I have no bias but.. am glad that, as it fails, Heather Bleasdale, is having a laugh too.. Have always liked her, such a jolly woman.. Mind you, I knew her Father-in-law, very well.. ... Barrry, you can't sign my agency timesheet as a Director, as I wouldn't trust you, to direct cars in a car park.. As ever, me and my gob.. Barry Bleasdale was a Director. am sure that, after my agency time was finished, he had an hand in making me stay there, for 10 years.. I was only supposed to be there for 12 weeks. ... And, If I'm naming names.. Oh, never mind.. Jim Walmsley tried to sack me, about 9 times.. but.. him being him and me being me.. neither of us walked off the job. He once accused me of being, drunk on the job.. which is really, instant dismissal, but him being him, I got a pass.. ... am like that, I never forget a good deed done to me.. you should strive, to do the same. ... Jim, if you are reading this.. Ask Bryn, if he recalls me saying, days after 9/11, 'watch your cash flow..' I won't say that, I told you so..[/p][/quote]They kept you prisoner for 10 years? Or did they try and get rid of you 9 times? I think an accusation of drunk on the job was better than what I would say you are! I don't even know you! CapitaBackHander
  • Score: 32

11:10am Sun 3 Aug 14

shytalk says...

They can blame it on the recovery they keep telling us is happening.
They can blame it on the recovery they keep telling us is happening. shytalk
  • Score: 26

12:10pm Sun 3 Aug 14

ConcernedOssy says...

Never been the same since Pozi retired !! LOL
Never been the same since Pozi retired !! LOL ConcernedOssy
  • Score: 34

10:28pm Mon 4 Aug 14

ConcernedOssy says...

ConcernedOssy wrote:
Never been the same since Pozi retired !! LOL
A K A " TONY THE FOX" lol
[quote][p][bold]ConcernedOssy[/bold] wrote: Never been the same since Pozi retired !! LOL[/p][/quote]A K A " TONY THE FOX" lol ConcernedOssy
  • Score: 16

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