Applied Graphene Materials, which produces specialty graphene materials, has released its unaudited preliminary results for the year ended 31 July 2017.
The company’s total income was £0.3 million, the same as in 2016, with a EBITDA loss of £4.0 million, compared to £4.2 million in 2016.
‘We have made considerable progress across a range of areas within the business,’ said Jon Mabbitt, CEO. ‘Demonstrating the modular scale up of our production process, that can produce high quality graphene dispersions of a consistent quality, has been a major achievement. Having secured our first production order in 2016 we have continued to build on this, working closely with our customers and this has resulted in additional production orders. Achieving these milestones has been key and whilst the timing of production orders will be determined by our customers I am confident that we are well positioned to secure an increasing number of larger commercial contracts.’
The company says that there has been a significant increase in the number of active engagements to over 100 and that an increasing number of customers have been moving closer to production, mst notably Airbus Space and Defence. More than 230kg of graphene dispersions were supplied to customers in 2017, almost double the amount of the previous year.
This story is reprinted from material from Applied Graphene Materials, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
