The LaserBond Limited (ASX: LBL) share price soared 10.5% to 42 cents today after the surface engineering technology business revealed today that it expects revenue for the half-year to December 31 2018 is expected to be $10.5 million which would represent growth of 45% over the prior corresponding half year period.
On October 22 the group reported that it expects EBITDA or operating income to come in between $1.8 million to $1.9 million for the half-year, compared to $0.58 million for the prior half year period.
In FY 2018 LaserBond posted a net profit of $1.25 million on earnings per share (backing out impairments) of 1.34 cents, although it looks likely to post a strong year of growth in FY 2019.
However, it has a market cap of around $40 million on the back of today's rocketing share price, which means it remains in the speculative micro-cap end of the market suitable only for investors with a high risk tolerance.
