UK-based graphene developer Haydale announced its interim financial results the first half of fiscal year 2024, that ended on December 2023. The company's revenues grew by 38% to £2.47 million, and its net loss reduced to £1.61 million (from £1.89 million in H1 FY23).
Haydale plans to continue with its cost savings plan, to further hone its operations, and the company says it continues to boost its key customer commercial progress on the functionalization powder element of its business.
Haydale recently completed a £5 million funding round, selling new ordinary shares.
Haydale recently also executed a collaboration agreement with PETRONAS Technology Ventures, in an effort to accelerate commercialization of graphene-based formulations in various different industries. The company also announced a £350,000 three-stage project with Cadent to develop graphene ink-based low-power radiator heaters.
Disclaimer: the author of this post holds shares in Haydale