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Verditek PLC - London-based company producing solar panels - In the first half of 2022, revenue jumps 70% to £178,502 from £105,097. Pretax loss narrows to £636,798 from £1.2 million. Say it continues to advance partnerships with European roofing manufacturers, notably with Metrotile, which should expand the reach of its product offering. In discussions to license its manufacturing technology to a larger scale, automated plant, with potential to build similar such plants across the globe, it says.
‘Despite recent challenges, we continue to see positive opportunities develop for Verditek and believe the significant investment into the development of our flexible, lightweight solar panels will soon bring about meaningful financial reward,’ says Chief Executive Officer Rob Richards.
Current stock price: 2.00 pence
12-month change: down 52%
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