DESCRIPTION
Focusrite PLC is a UK-based holding company for a stable of brands within the audio technology products sector, particularly products relating to music and audio production. Their business model revolves around designing, manufacturing, and selling audio equipment, such as audio interfaces, microphone preamps, speakers, and other related products. They cater to both amateur and professional musicians, producers, and audio engineers. Focusrite and its stable of brands have built a strong reputation for quality and innovation.
We see no obvious reason why the business’ earning power has been significantly or permanently impaired, and we suspect that earnings will eventually return to pre-Covid levels and beyond, especially given acquisitions since Covid.