High-performance computer manufacturer Raspberry Pi has seen its pre-tax profits fall by more than 50% year-on-year in its first results since the company’s IPO in June 2024.
The Cambridge-based company reported profits before tax of $16.3m, a drop of 57% from 2023's £38.2m. Its revenue also dropped 2% to $259.5m from $265.8m, while its gross profits fell 4% from $66m to $63.2m. Raspberry Pi confirms London listing Raspberry Pi floated on London's stock market in June last year, raising £143.1m in its public listing and it was bumped up to the FTSE 250 in September 2024. Since then, the FTSE 250 addition has been subjected to shorts by asset managers and hedge funds, with both JP Morgan Asset Management and Ennismore Fund Management currently holdi...
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