Haydale reports financial results for the second half of 2018

Haydale announced its financial results for H1 FY2019 (six months ended 31 December 2018). Revenues were £1.64 million (up 20% from H2 FY2018 but down 20% from H1 FY2018). Loss before tax was £3.47 million and cash at hand was £0.96 million (Haydale recently announced plans to raise £7.8 million).

Haydale says that it made significant investments to increase its production capabilities at its US Silicon Carbide operation (revenues from US operations were up 10% in H1FY18). Haydale also announced that it sold over 200 Kg of functional ink into the biomedical sensor market and that it has received its first commercial revenues for its graphene piezoresitive inks.

Posted: Feb 27,2019 by Ron Mertens