Haydale Graphene ( (GB:HAYD) ) has issued an announcement.
Haydale Graphene Industries PLC has announced its unaudited interim results for the six months ending December 31, 2024, highlighting a strategic shift to focus on its heating system products. The company has divested from loss-making operations in South Korea, Thailand, and the US, consolidated activities in the UK, and significantly reduced costs to align with revenue. Despite a 50% drop in revenue due to underperformance in the US, the company has increased its gross profit margin and secured new commercial contracts, positioning itself for improved profitability and cash flow in FY25.
More about Haydale Graphene
Haydale Graphene Industries PLC is a UK-based advanced materials group focused on commercializing its proprietary heating ink-based technology and integrating graphene and other nanomaterials into next-generation industrial applications. The company enhances the electrical, thermal, and mechanical properties of materials, delivering innovative solutions across multiple industries.
YTD Price Performance: -15.38%
Average Trading Volume: 7,001,669
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £4.14M
Learn more about HAYD stock on TipRanks’ Stock Analysis page.