We see Invinity’s update as reassuring and the new commercial sale adds to this especially as it is a second sale through an existing partner. Year-end cash of £5.1m and £7.5m of further potential convertible funding aligns with a strong order backlog and pipeline growth to give comfort for FY 23 and beyond in our view.

23 Jan 2023
Invinity Energy Systems - Reassuring Update And New Sale

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Invinity Energy Systems - Reassuring Update And New Sale
Invinity Energy Systems PLC (IES:LON) | 13.0 0 0.0% | Mkt Cap: 57.3m
- Published:
23 Jan 2023 -
Author:
Adam Forsyth -
Pages:
6 -
We see Invinity’s update as reassuring and the new commercial sale adds to this especially as it is a second sale through an existing partner. Year-end cash of £5.1m and £7.5m of further potential convertible funding aligns with a strong order backlog and pipeline growth to give comfort for FY 23 and beyond in our view.