AGM reports its financial results for H1 2020

Applied Graphene Materials (AGM) announced that its revenues in the first half of its calendar year (six months ended 31 January 2020) increased to £35,000 (up from £26,000 in the first half of its last calendar year). Net loss decreased slightly to £2.3 million.

AGM says that the company is making good progress in converting customer engagement into product launches, with several applications launched in the period that are now available to retail as well as specialist industrial customers.

The company has £4.3 million in cash and equivalents, which the company say will last until at least Q4 2021.

Posted: Mar 26,2020 by Ron Mertens