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Applied Graphene Materials Fundamentals (AGM)

Over 7% fall today.

iturama - 22 Mar 2018 08:06 - 30 of 32

''


I see you conveniently blanked your post iturama. I wonder why?

I was probably going to comment on your post of the day before but decided you were not worth the effort dreamer. As for that chart you delighted in putting up, be careful what you wish for.

Lie again, lets see what moneyam say.

You need help. Do you realise how pathetic you sound?

Final Results
RNS
RNS Number : 4068E
Applied Graphene Materials PLC
18 October 2018





18 October 2018

Applied Graphene Materials plc

("Applied Graphene Materials", "the Group" or "the Company")

Full year results for the year ended 31 July 2018

Applied Graphene Materials, the producer of specialty graphene materials, is pleased to announce its full year results for the year ended 31 July 2018.

Operational and commercial highlights
· James Briggs Limited (JBL), a leading independent coatings business, launching a range of graphene enhanced primer products, delivering significantly improved barrier protection
· Following the successful completion of real world trials carried out over a one year period, national truck company Brit Tipp using AGM graphene for its barrier properties in vehicle coatings
· Tier one automotive supplier Magna carrying out further investigations into utilising AGM graphene following launch of Fenyr supercar, using graphene enhanced components
· Customer completes testing of Genable® 4400 and is now looking to launch a product targeted at the electronics sector
· Airbus Defence and Space (Airbus) working to finalise materials qualification ahead of a product launch
· Genable® dispersion range launched for coatings systems and being well received

Financial overview
· Total income £0.2 million (2017: £0.3 million)
· EBITDA* Loss of £4.0 million (2017: loss of £4.1 million)
· PBTA** Loss of £4.2 million (2017: loss of £4.3 million)
· Loss before tax Loss of £4.5 million (2017: loss of £4.3 million)
· Cash at bank £10.4 million (2017: £4.7 million)
· Diluted EPS Loss of 8.2 pence per share (2017: loss of 13.8 pence)
· Adjusted diluted EPS Loss of 7.5 pence per share (2017: loss of 13.8 pence)

* EBITDA comprises loss before interest, tax, exceptional costs, depreciation and amortisation.
** PBTA comprises loss before tax, exceptional costs and amortisation.

Adrian Potts, Chief Executive Officer, commented:
"The business has continued to make considerable progress during the year, particularly in the coatings sector where we are starting to see some real commercial momentum.
Having invested significantly in developing our understanding as to how best to exploit the benefits that graphene has to offer, we are now beginning to see this investment come to fruition, with the focus very much on converting the 120 plus commercial engagements into long term supply agreements, many of which we are unable to disclose due to confidentiality agreements.
The announcement by JBL that they are launching a graphene enhanced product in the near future represents the successful completion of their testing programme. Although the launch is likely to be slightly later than originally anticipated this represents an important milestone for the business. The launch of our Genable® product range combined with our test results earlier in the year has been well received across the coatings sector and this has enabled us to accelerate a number of programmes. Nowhere is this more evident than the work we have done with Britt Tipp, who having completed their in-house testing regime, are now utilising AGM's graphene in coatings for their vehicles in order to provide additional barrier properties.
Our joint composites development programme with Magna is beginning to produce some very encouraging results in a number of potential applications and I remain confident that over the coming twelve months we will be able to report an ever increasing number of customers, who having completed their testing programme are looking to enter into commercial supply agreements."

Look promising.