First Graphene (FGR) says that its fourth quarter (FY22) revenues reached a record 359,000 AUD. Its full-year (FY2022) revenues increased 111% to $723,000 AUD.
First Graphene says that its strong performance in the last quarter was driven by several significant orders for its graphene materials, and also new application/research development services. The composites and plastics segments contributed 46% of its revenues in the quarter, followed by cement/concrete (31%). Coatings, adhesives, sealants and elastomers contributed 12%.