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
Email Form Facebook Twitter LinkedIn RSS

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

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Haydale Graphene Industries PLC 0.13 GBX 2.00 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures