Hardide (GB:HDD) has released an update.
Hardide PLC reports a challenging half-year with revenues down to £2.1m from £2.9m the previous year and a loss before tax of £1.0m, an increase from £0.6m. Despite this, the company achieved a return to EBITDA break-even following a successful £0.75m equity fund raise and is focusing on revenue growth, margin improvements, and cost reductions, with promising developments in aerospace sales and hydrogen applications. With a new CEO appointed and a lower cash break-even point, Hardide remains optimistic about achieving an EBITDA positive performance for the full financial year and aims for a cash positive trading performance by year-end.
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