Affordable computer outfit Raspberry Pi (RPI) made an excellent debut on the UK stock market back in June but excitement around the stock has fizzled out.

While the shares are still up materially on their 280p issue price, they are some way below their 500p high. The company and its shareholders will hope it can revive enthusiasm for the story when it unveils its results for the six months to 30 June 2024 on 24 September.

Founded by chief executive Eben Upton in 2012 with the premise of ‘making computing more accessible to young people’, Raspberry Pi designs and develops low-cost SBCs (single board computers) and computer models for industrial customers, enthusiasts, and educators around the world.

Since the company began trading in 2012, it has sold more than 60 million SBCs and computer modules, 7.4 million of which were sold in the year to December 2023, when revenues ripened up 41% to $265.8 million.

Pre-tax profit powered 90% higher to $38.2 million in 2023. However, the company has flagged volatility in customer demand in 2024-to-date, which has led to ‘higher than usual levels of inventory’, although management expects this to normalise over the course of 2024 ‘resulting in stronger results in the second half of the year than in the first half’. Investors will be hoping for reassurance on this second-half improvement when the company reports. 

UK UPDATES OVER THE NEXT 7 DAYS

FULL-YEAR RESULTS

23 Sep: Transense Technologies

24 Sep: Close Brothers, Smiths

25 Sep: Time Finance

FIRST-HALF RESULTS

20 Sep: Biome Technologies

23 Sep: Real Estate Investors, Oxford Biomedica, Alphawave IP

24 Sep: Mortgage Advice Bureau, DigitalBox, Raspberry PI, Mission Group, Card Factory, HSS Hire Group, BioPharma Credit, Animalcare 

26 Sep: Life Science REIT, Accesso Technology Group, CVS Group, Ebiquity, Touchstar

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