More bad results for Nanoco in todays interms H
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Posted On: 04/10/2018 8:58:11 AM
More bad results for Nanoco in todays interms
H1 results reflect slow progress in display
H1 results reflect the slow commercialisation cycle in display. The decline in revenues from £0.68m in H117 to £0.20m reflect primarily the absence of service and licence revenue. The loss before tax was £4.8m (£6.4m in H117), while net cash was £8.7m vs £5.7m at Y/E17, boosted by the £8.0m placing in November.
Nothing from their partners Dow or Merck
as far as royalties,meaning their is something not working out.
Its obviously not as rosy as they spelled out to their shareholders recently and seem they are kicking the can down the road once again.
If its due to production costs, then its time for QMC to step up and take the reigns.
Time to complete those filings and let us see whats under the covers !!!
H1 results reflect slow progress in display
H1 results reflect the slow commercialisation cycle in display. The decline in revenues from £0.68m in H117 to £0.20m reflect primarily the absence of service and licence revenue. The loss before tax was £4.8m (£6.4m in H117), while net cash was £8.7m vs £5.7m at Y/E17, boosted by the £8.0m placing in November.
Nothing from their partners Dow or Merck
as far as royalties,meaning their is something not working out.
Its obviously not as rosy as they spelled out to their shareholders recently and seem they are kicking the can down the road once again.
If its due to production costs, then its time for QMC to step up and take the reigns.
Time to complete those filings and let us see whats under the covers !!!
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