01 July 2020
Touchstar – Group Announcement – 1st July 2020
Touchstar poised for a positive post-pandemic future after strong Q1 Results
performance in Q1 – 49% growth
The first quarter sales
of 2020 saw a 49% growth on the first quarter 2019.
The order book for the
start of 2020 of £1.2 million, demonstrates a 300% improvement from the
The strong start is
testament to the new product set, gaining massive market acceptance in the
This is a terrific
start to 2020, and although we recognise that Covid 19 will impact all
businesses over the coming months, we remain confident our products and
services are world beating and at the cutting edge of technology.
Response ensured Q1 gains weren’t lost
When it became clear
that the COVID-19 pandemic was going to have a significant and wide-reaching
effect, the strong Q1 position enabled us to be proactive. We took steps to
ensure we could continue to support customers and protect our staff in early
March, weeks before the start of the official lockdown.
By the time lockdown
began on 23rd March, Touchstar was already following a strategic road
map designed to help us operate and navigate through the crisis, however
prolonged it might turn out to be.
Covid Impact –
Demand remains high
Many of our customers
have an essential role to play in fighting the pandemic through the provision
of essential services such as maintaining the fuel and food supply chains. This
means that, even during lockdown, demand has remained encouragingly high and
new orders have continued to be received.
As well as providing our customers
with extra service support to help them through this challenging time, our
product development team added coronavirus-related functionality to one of our proof-of-delivery
software products. This enabled logistics personnel to be prompted to carry out
mandatory health & safety checks established by their employer and to
record that this activity had been undertaken.
Future Outlook –
our team ethos will continue to benefit our clients
At the time of
writing, lockdown restrictions are being further eased and we are carefully
carrying out a prudent ‘back to business’ plan.
We are exceptionally proud of the team behind Touchstar Technologies;
the commitment of each and every individual has enabled us to weather the storm
of the pandemic and emerge strong in order to support our valued customers,
both existing and prospective.
The COVID-19 crisis is
obviously far from over, and it remains impossible to predict how it will
ultimately play out, both in our UK and international target markets. We will
continue to focus on the factors we can control – providing market-leading
digital technology and top-quality customer service and conserving our
We are hugely
impressed and encouraged to see the tenacity and responsiveness of our
customers and the ways they have dealt with the pandemic and continue to do so.
We are as dedicated as ever to ensure they have the data capture
infrastructure, products and support they need to drive their businesses