AFC Energy's Final Results for the year ended 31 October 2020 indicate the company is in a position of strength and at inflection point of sales growth. Results were better than we had forecast with a reported loss of £4.2M (WHIe £4.5M) and cash flow from operations of £4.3M (WHIe £4.2M). Most importantly, the company ended the period with a stronger cash balance than we had expected of £31.6M (WHIe £29.9M) reflecting the capital light strategy the company is applying. The year-end confirmed or ....

02 Mar 2021
WHI Morning Comment: AFC Energy (AFC) - AFC Energy's Final Results

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WHI Morning Comment: AFC Energy (AFC) - AFC Energy's Final Results
AFC Energy plc (AFC:LON) | 14.9 0 (-0.7%) | Mkt Cap: 127.8m
- Published:
02 Mar 2021 -
Author:
Brendan Long -
Pages:
4 -
AFC Energy's Final Results for the year ended 31 October 2020 indicate the company is in a position of strength and at inflection point of sales growth. Results were better than we had forecast with a reported loss of £4.2M (WHIe £4.5M) and cash flow from operations of £4.3M (WHIe £4.2M). Most importantly, the company ended the period with a stronger cash balance than we had expected of £31.6M (WHIe £29.9M) reflecting the capital light strategy the company is applying. The year-end confirmed or ....