Haydale Graphene (GB:HAYD) has released an update.
Haydale Graphene Industries PLC reports a revenue of £4.7m for the year ending June 30, 2024, which is below market expectations but shows an increase from the previous year’s £4.3m. The company is experiencing delays in large order volumes for its US silicon carbide business and short-term supply chain issues affecting production. Despite these challenges, there is growth in the UK nanomaterial operations and the company anticipates significant growth in FY25 due to advanced negotiations with a potential Asia-based partner and ongoing testing with major tooling customers.
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