16th Aug 2022 11:43
Nanoco Group PLC - Manchester-based nanomaterial developer and manufacturer - Expects revenue of GBP2.4 million for the financial year ended July 31, "just over" 10% annually and in line with board expectations. Adjusted loss before interest, tax, depreciation and amortisation expected to reduce slightly ahead of expectations due to continued cost management. Cash amounts to GBP6.8 million as at July 31, representing an increase of GBP5.0 million since January 31. "This reflects the over-subscribed GBP5.4 million equity raise in June 2022 and good operating cash performance in [the second half of financial 2022]," it notes. Read More
