Haydale reports its preliminary financial results for FY2018

UK-based Haydale reported its preliminary financial and business results for FY2018 (which ended on June 2018). Total revenues in 2018 reached £4.23 million (up from £3.91 in 2017), which included £3.4 million in commercial revenues and £0.83 million in grant income.

The net loss before tax in 2018 was £6.12 million (up from a £5.64 million loss in 2017). At the end of the year, Haydale had £5.09 million in cash and equivalents. Haydale says it enters FY2019 with cautious optimism. Two encouraging sings are a recently signed five-year SiC contact extension, and steadily increasing graphene ink sales to several print houses for the bio-medical sensor market.

Haydale reports it has sold graphene related products and services to over 50 customers in FY2018, almost double that of the prior year. Haydale's graphene related products and services revenues were over £1.0 million for the 2nd consecutive year and revenues from its Far East region grew to £0.3 million from £0.1 million in FY2017.

Disclosure: The author of this post holds shares in Haydale

Posted: Sep 18,2018 by Ron Mertens