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HARDMAN & CO RESEARCH Hardman & Co research on Surface Transforms (SCE): Estimates suspended

Transparency directive : regulatory news

14/10/2024 11:05

Hardman & Co Research
Hardman & Co research on Surface Transforms (SCE): Estimates suspended

14-Oct-2024 / 10:05 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on Surface Transforms (SCE): Estimates suspended

 

Interim results released on 30 September showed revenue up 58%. The loss before tax widened to £7.6m from £5.6m 1H23. Operationally, the volume ramp-up is continuing but at a rate below target, with yields improving (but also below target), and ongoing downstream process problems. The company stated at the interims that 4Q24 revenues were likely to be £3.5m, which is obviously illustrating the growth over 1H24, but would be 40% down on plan. This means operational cash outflow continues. The company has stated it is “reviewing all funding options to improve our cash flow.” It remains one of only two players in an important global market.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/sce-estimates-suspended/

If you are interested in meeting the company, you can register your interest by clicking on the above link.

To contact us:

Hardman & Co

9 Bonhill Street

London

EC2A 4DJ
www.hardmanandco.com


Follow us on X:

@HardmanandCo

Contact:

Mike Foster


 

 

mf@hardmanandco.com

 

Hardman & Co Research can be accessed for free under MiFID. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

2007903  14-Oct-2024 

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