Haydale reports its FY2021 results, will increase capacity significantly with a new reactor

UK-based graphene developer Haydale announced its financial results for its 2021 financial year. Yearly revenues reached £2.9 million (down 2% from FY2020), while net loss was reduced by 15% to £3.41 million. Cash outflow was reduced by 52% to £1.58 million.

Haydale is still cautious regarding its short-term revenue, but it is optimistic regarding the long-term potential, and Haydale reports that it ordered a larger HT1400 plasma reactor, which will significantly increase the company's capacity to allow production to move to an industrial level in 2022.

Posted: Dec 15,2021 by Ron Mertens