Creative Technology

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Rainbow 
FY2020 Result as at 30 Jun 2020
Rev USD61m (vs 54m)
GP  USD17m (vs 15m
Net Loss USD17m (vs 3m)

2HFY2020 
Rev      USD19m (vs 25m)
GP       USD 8m (vs 7m)
Net Loss USD 9m (vs +7m)

There is significant uncertainty in the pace of economic recovery from the COVID-19 pandemic and the outlook for the global economy, in addition to the on-going trade tensions. For the current financial year, the new products introduced are expected to continue to drive revenue growth for the Group. The ongoing COVID-19 restrictive measures, including restrictions on entertainment venues, home-based learning and work from home arrangements, may also provide additional growth opportunities for the Group’s products that address the demand for a better audio experience for home entertainment, home-based learning and working from home.

For the financial year and first half year of FY2021, the Group expects to increase revenue from the current level and a reduction in operating loss. 
https://links.sgx.com/FileOpen/H220Earni...eID=629574

Stay home and stay safe, everyone
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Rainbow 
FY2020 Result as at 30 Jun 2020
Rev USD61m (vs 54m)
GP  USD17m (vs 15m
Net Loss USD17m (vs 3m)

2HFY2020 
Rev      USD19m (vs 25m)
GP       USD 8m (vs 7m)
Net Loss USD 9m (vs +7m)

There is significant uncertainty in the pace of economic recovery from the COVID-19 pandemic and the outlook for the global economy, in addition to the on-going trade tensions. For the current financial year, the new products introduced are expected to continue to drive revenue growth for the Group. The ongoing COVID-19 restrictive measures, including restrictions on entertainment venues, home-based learning and work from home arrangements, may also provide additional growth opportunities for the Group’s products that address the demand for a better audio experience for home entertainment, home-based learning and working from home.

For the financial year and first half year of FY2021, the Group expects to increase revenue from the current level and a reduction in operating loss. 
https://links.sgx.com/FileOpen/H220Earni...eID=629574

Stay home and stay safe, everyone
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Rainbow 
CREATIVE - QnA today
We have been engaging several OEM customers, mostly in China, over the past two years. There is keen interest amongst these customers in our Super X-Fi technology. However, it is a long sales cycle where we have to go through several departments, evaluation and negotiations, which involves face-to-face meetings and demonstrations, before we arrive at a deal. Only then can we start the design-in cycle, which could still take several months. 

We have been marching diligently through this whole process with several prospects, until the Covid-19 pandemic struck the world – and with all the restrictive measures including travels, all these progress ground to a halt.

There will be no dividend payment for this year. Currently, the Company does not have sufficient retained earnings to pay a dividend.
https://links.sgx.com/FileOpen/Responses...eID=637098

Stay home and stay safe, everyone.
Heart
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Rainbow 
CREATIVE - QnA today
We have been engaging several OEM customers, mostly in China, over the past two years. There is keen interest amongst these customers in our Super X-Fi technology. However, it is a long sales cycle where we have to go through several departments, evaluation and negotiations, which involves face-to-face meetings and demonstrations, before we arrive at a deal. Only then can we start the design-in cycle, which could still take several months. 

We have been marching diligently through this whole process with several prospects, until the Covid-19 pandemic struck the world – and with all the restrictive measures including travels, all these progress ground to a halt.

There will be no dividend payment for this year. Currently, the Company does not have sufficient retained earnings to pay a dividend.
https://links.sgx.com/FileOpen/Responses...eID=637098

Stay home and stay safe, everyone.
Heart
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