Nanoco’s contract extension for work with its US customer fully underpins our FY19 estimates and gives the business a c £3m+ head start entering FY20. Our forecasts are unchanged, but progress with this major customer has shone a bright light on Nanoco’s IP and execution credentials. Discussions are now ongoing with a number of parties, which could drive upside to our near-term estimates.
25 Jan 2019
Nanoco Group - Contract extension with major partner
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Nanoco Group - Contract extension with major partner
Nanoco Group PLC (NANO:LON) | 19.9 0 (-1.0%) | Mkt Cap: 64.0m
- Published:
25 Jan 2019 -
Author:
Dan Ridsdale -
Pages:
2
Nanoco’s contract extension for work with its US customer fully underpins our FY19 estimates and gives the business a c £3m+ head start entering FY20. Our forecasts are unchanged, but progress with this major customer has shone a bright light on Nanoco’s IP and execution credentials. Discussions are now ongoing with a number of parties, which could drive upside to our near-term estimates.