IN BRIEF: Haydale Graphene says higher costs offset revenue progress

Haydale Graphene Industries PLC - AIM-listed global technology solutions firm - Expects revenue ...

Alliance News 21 June, 2023 | 9:30AM
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Haydale Graphene Industries PLC - AIM-listed global technology solutions firm - Expects revenue for the year ending June 30 to be ahead of market expectations, citing strong performance in its US operation. Notes revenue uplift will be offset by higher administrative costs linked to investments and an increase in overheads. Says gross profit is expected to be in line with market expectations. Year-end net cash is expected to be neutral in comparison to financial 2022. Expects momentum to continue into financial 2024.

Chief Executive Officer Keith Broadbent says: "Our transition from a research and development focussed organisation to a commercial operation continues and the prognosis for the business remains very positive".

Current stock price: 1.00 pence, down 4.9% on Wednesday

12-month change: down 81%

By Sabrina Penty, Alliance News reporter

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Haydale Graphene Industries PLC 0.31 GBX 2.33 -

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