The earnings call highlighted significant strategic shifts and revenue growth, primarily driven by licensing with Samsung and improved EBITDA. However, the cancellation of a major JDA and expected revenue decline in FY '25, along with ongoing cash burn, present challenges. The company's focus on licensing and new leadership direction offers potential for future growth.
Company Guidance
During the Nanoco Group plc investor presentation, several financial metrics and strategic guidance points were highlighted. For the fiscal year 2024, Nanoco reported a 40% increase in revenue, rising from £5.6 million to £7.9 million, primarily due to the full-year impact of the Samsung license recognition, which contributed £6 million. The adjusted EBITDA improved from a negative £0.4 million to a positive £1.2 million. The company completed a £33 million return to shareholders, composed of a £30 million tender and a £3 million buyback, and ended the fiscal year with £20.3 million in cash. Looking forward, revenues are anticipated to decline in FY 2025 due to the cancellation of a project with a European customer. The gross monthly cash burn is around £0.5 million, with potential reductions from new revenue streams. With no significant capital requirements forthcoming, Nanoco's cash runway is considered secure for the foreseeable future, and surplus cash will be returned to shareholders progressively.
Revenue Increase
Revenue increased by 40% from £5.6 million to £7.9 million, primarily due to the Samsung license recognition, contributing £6 million of the total.
Return to Shareholders
Completed a £33 million return to shareholders, consisting of a £30 million tender and a subsequent £3 million buyback.
EBITDA Improvement
Moved from an adjusted LBITDA of £0.4 million to an adjusted EBITDA of £1.2 million.
Strong IP Valuation
Independent valuation confirmed IP investment in subsidiaries valued at £46 million.
Leadership and Strategy Shift
Appointment of new CEO Dmitry Shashkov, and new non-Exec Directors Jalal Bagherli and Dieter May, contributing to a new strategy.
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Nanoco Group plc (GB:NANO) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GB:NANO Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 20, 2024
11.14p
11.52p
+3.41%
Mar 27, 2024
22.20p
20.90p
-5.86%
Oct 17, 2023
16.50p
16.70p
+1.21%
Mar 28, 2023
20.00p
20.20p
+1.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Nanoco Group PLC (GB:NANO) report earnings?
Nanoco Group PLC (GB:NANO) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Nanoco Group PLC (GB:NANO) earnings time?
Nanoco Group PLC (GB:NANO) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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