IN BRIEF: Atome Energy annual loss widens; expects 1st revenue in 2023
27th Jun 2023 11:37
Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Reports pretax loss of USD5.6 million in 2022, widened from USD2.2 million in 2021. The company says the annual loss is in line with its expectations and reflects the increased level of activity and fast-track development throughout its portfolio. Total value of assets drops to USD6.6 million as of December 31 - split almost equally between cash and segment assets - from USD8.3 million a year before. ATOME says that its hydrogen transport Mobility Division is expected to start generating revenue this year. Read More