AGM’s interims contain no surprises, with EBITDA losses and net cash (£4.3m at 31st January) in line with our expectations. Commercial highlights of the period have been mainly focused on Coatings, as we have discussed previously (e.g. Halfords aerosol primer). Management continues to prioritise near term revenue opportunities, demonstrating the properties of graphene in dispersions and other formats that can be readily adopted in customers’ products. Having streamlined operations in Q4’19, the cash run way has been extended to Q4’21 and we look forward to further commercial progress over coming periods.
