Haydale reported a loss of £2.2 million for fiscal year 2013, up from a loss of £1.1 million last year, mostly due to higher administrative expenses because of its AIM listing. The company posted revenues of £130,000.
The company however is confident that next year will be a successful year. haydale is expanding its operational, sales and marketing capabilities, increasing its graphene functionalisation capabilities, and developing its IP.
Haydale recently raised £6.6 ($11 million) in a public offering in the UK. Haydale is developing and marketing carbon materials under the HDPlas brand, with the company currently focuses on graphene, CNTs and zinc nanomaterials, and also metal-free graphene-based inks. In October 2013 we posted an article explaining Haydale's business and technology.