Nanoco Group (NANO)

Sector:

IT Hardware

Index:

FTSE Fledgling

22.00p
   
  • Change Today:
      1.10p
  • 52 Week High: 23.70
  • 52 Week Low: 15.60
  • Currency: UK Pounds
  • Shares Issued: 324.42m
  • Volume: 811,313
  • Market Cap: £71.37m

Nanoco revenues more than double following 'strong operational performance'

By Iain Gilbert

Date: Thursday 15 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Quantum dots manufacturer Nanoco Group saw revenues more than double in its last trading year thanks to the early delivery of some income under a major services contract.
Nanoco said revenues came to £7.3m for the year ended 31 July, slightly ahead of market consensus, while billing came to £9.6m.

However, the London-listed firm noted that an exceptional credit from a contract liability waiver would be largely offset by exceptional charges stemming from various contract specific assets and provisions.

Nanoco's unaudited cash position at the end of the year was £7.0m, marking an increase of £800,000 over the six month period, and the company still expects to be holding around £6.0m worth of cash at the end of the calendar year.

Chief executive Michael Edelman said: "This strong operational performance contributed to the best financial results in the company's history.

"We remain focused on completion of the current contract deliverables whilst broadening our efforts to seek out other potential new customers in the electronics and display sectors."

As of 1350 BST, Nanoco shares had dipped 0.88% to 11.25p.

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Nanoco Group Market Data

Currency UK Pounds
Share Price 22.00p
Change Today 1.10p
% Change 5.26 %
52 Week High 23.70
52 Week Low 15.60
Volume 811,313
Shares Issued 324.42m
Market Cap £71.37m

Nanoco Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.53% below the market average63.53% below the market average63.53% below the market average63.53% below the market average63.53% below the market average
9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average9.09% below the sector average
Price Trend
49.71% above the market average49.71% above the market average49.71% above the market average49.71% above the market average49.71% above the market average
44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average44.00% above the sector average
Income Not Available
Growth
47.66% above the market average47.66% above the market average47.66% above the market average47.66% above the market average47.66% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average

Nanoco Group Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:07 113,287 @ 21.32p
14:06 1 @ 21.30p
14:06 161,018 @ 21.30p
14:05 46 @ 22.15p
14:05 4 @ 22.15p

Nanoco Group Key Personnel

CEO Brian Tenner
CFO Liam Gray

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