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ROCKLEY PHOTONICS HOLDINGS LIMITED

(RKLY)
  Report
Delayed Nyse  -  04:00 2022-09-30 pm EDT
0.7101 USD   -9.97%
09/22Rockley Photonics Unveils Next-Generation, Higher-Density Laser Spectrophotometer Chip for Wearable Health Monitoring
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09/22Rockley Photonics Holdings Limited Unveils Next-Generation, Higher-Density Laser Spectrophotometer Chip for Wearable Health Monitoring
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09/07Rockley Photonics Holdings Files $300 Million Mixed Shelf
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UK sends its good ideas abroad just to buy them back, says Rockley boss

08/12/2022 | 01:21am EDT

THE UK has been unable to break free from off-loading its innovations overseas to be manufactured during the past decade and the upcoming semiconductor strategy is unlikely to change the tides, the boss of Rockley Photonics has said.

Rockley Photonics, which specialises in sensing technology, was once a key customer to the UK's largest chipmaker Newport Wafer Fab prior to its takeover by Chineseowned

Nexperia. While the takeover is currently subject to a government inquiry under the National Security and Investments Act, Rockley has had to transition out of the UK and double down on its US supply.

Speaking to City A.M., Dr Andrew Rickman OBE said: "We have to send all of our good ideas abroad to have them made, just the buy them back again with public money.

"[The UK government is] spending all this money to create the environment that our general public want but miss out on the opportunity to actually generate the wealth, the jobs, the prosperity that comes with the development of the science.

"We're not serving the taxpayer and the general public well."

Rickman urged the government to open up a foundry where silicon wafers can be manufactured.

He added that while the government "better hurry up" and better support British technology firms, the company is not "holding its breath" for change.

(c) 2022 City A.M., source Newspaper

All news about ROCKLEY PHOTONICS HOLDINGS LIMITED
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09/22Rockley Photonics Holdings Limited Unveils Next-Generation, Higher-Density Laser Spectr..
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09/07Rockley Photonics Holdings Files $300 Million Mixed Shelf
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08/12UK sends its good ideas abroad just to buy them back, says Rockley boss
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Financials (USD)
Sales 2022 8,99 M - -
Net income 2022 -230 M - -
Net Debt 2022 - - -
P/E ratio 2022 -0,40x
Yield 2022 -
Capitalization 93,9 M 93,9 M -
Capi. / Sales 2022 10,5x
Capi. / Sales 2023 0,95x
Nbr of Employees 302
Free-Float 75,0%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 0,71 $
Average target price 5,60 $
Spread / Average Target 689%
EPS Revisions
Managers and Directors
Andrew George Rickman Chairman & Chief Executive Officer
Chad Becker Vice President-Financial Planning & Analysis
Ara Nazarian Executive Vice President-Engineering
Khalilah El-Amin Vice President-Global Human Resources
William I. Huyett Lead Independent Director
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