The group has announced its FY21 results and an H1 trading update. As previously signalled, sales to its large EV OEM have been slower to accelerate than expected and will not achieve the levels previously anticipated. We reduce our FY22 revenue forecast by 53% to £10.5m, with an 5.4% reduction in adj PBT to £1.4m. Commercial progress with several traditional UK and EU OEMs to use the IHT in their EV platforms offers a significant opportunity. Some equipment installation delays have been encount ....
