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Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Revenue for 2022 amounts to £5.1 million, up from £2.4 million in 2021. Says the growth has been driven by development revenue from contracts. Pretax loss widens to £6.0 million from £4.6 million, as total administrative expenses rise to £9.0 million from £5.8 million a year earlier. Loss per share stands at 2.34 pence, compared to a loss of 2.08p in 2021. Looking ahead, Surface Transforms expects to meet forecast revenue and profitability targets in 2023. Says it is confident that it will be profitable in the first quarter of 2023. Current stock price: 36.00 pence, up 11% on Monday morning in London 12-month change: down 33% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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