Haydale Graphene (GB:HAYD) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Haydale Graphene Industries PLC reports a revenue of £4.7m for the year ending June 30, 2024, which is below market expectations but shows an increase from the previous year’s £4.3m. The company is experiencing delays in large order volumes for its US silicon carbide business and short-term supply chain issues affecting production. Despite these challenges, there is growth in the UK nanomaterial operations and the company anticipates significant growth in FY25 due to advanced negotiations with a potential Asia-based partner and ongoing testing with major tooling customers.
For further insights into GB:HAYD stock, check out TipRanks’ Stock Analysis page.
