Rakon, thriving off fire-ravaged rival's woes, upgrades 2022 guidance
Business keeps getting better for NZX-listed GPS component maker Rakon after a major fire destroyed the plant of Japanese rival AKM.
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Rakon prospers as 5G and cloud demand surges
Auckland-based GPS component maker is hitting a revenue sweet spot, driven by increased global 5G mobile network rollouts and a major fire that took out a key competitor.
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Rakon lifts during lockdowns to deliver a robust first half
Telecommunications and GPS component maker Rakon reported a strong first half result this morning, increasing both revenue and earnings despite the shock of the COVID-19 lockdowns.
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$2M investment will help deliver new, super accurate GPS tech
An A/NZ effort to deliver a new, super-accurate form of GPS system is being funded out of its trial phase and into procurement.
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Rakon profit falls on one-offs, earnings track to plan
GPS crystal manufacturer Rakon today posted a net profit after tax of $3.4 million, down from $10 million in 2018 but steady underlying earnings.
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