Surface Transforms (GB:SCE) has released an update.
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Surface Transforms PLC reports significant growth with 81% revenue increase to £7.3m for 2023 despite operational challenges and a substantial net loss of £19.6m after a non-cash impairment charge. The company raised equity and secured a £13.2m loan for capital investment, while facing production issues that restricted sales. They maintain a strong £390m order book and have made key senior management changes to improve operations.
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