UK's Nanoco says FY revenue in line, adjusted EBITDA slightly ahead of expectations
UK's Nanoco says FY revenue in line, adjusted EBITDA slightly ahead of expectations
Overview
UK nanomaterials producer's FY revenue was £11.3 mln, in line with market expectations, per company
Adjusted EBITDA for the year reached £6.1 mln, slightly ahead of expectations, per company
Company reduced gross cash cost base to £0.3m-£0.4m per month after reorganisation
Outlook
Nanoco expects volumes with first Asian Chemical customer to more than double in FY27
Company continues discussions with second Asian chemical customer on next steps after recent programme extension
Nanoco is engaging with potential customers to secure further JDAs or material supply contracts, mainly in sensing
Result Drivers
JDA PROGRESS - Co said it is on track to achieve all milestones in the first year of its three-year Joint Development Agreement with an Asian chemical customer, with volumes expected to more than double in FY27 from a small base
COST BASE REDUCTION - Co said it completed a reorganisation and reduced its gross cash cost base to £0.3m-£0.4m per month, down from £0.5m in FY25
Company press release: ID:nRSS2086Ra
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Adjusted EBITDA |
| GBP 6.10 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the semiconductors peer group is "buy."
Wall Street's median 12-month price target for Nanoco Group PLC is GBp7.30, about 175% above its August 18 closing price of GBp2.66
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)