Surface Transforms manufactures and sells carbon ceramic brake discs. The last threemonth period of contract awards since the financial year-end has been transformational in the development of the company. It now has multi-year, multi-million, recurring income contracts from European-based global OEMs. These will support cash breakeven during 2020, moving to EBITDA-positive (post-tax credit) in fiscal 2021 and profitability in 2022. Long-term contracts collectively bring lifetime revenues of
17 Sep 2019
Rapid acceleration – “game-change” announcements
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Rapid acceleration – “game-change” announcements
Surface Transforms PLC (SCE:LON) | 1.2 0 0.0% | Mkt Cap: 6.49m
- Published:
17 Sep 2019 -
Author:
Mike Foster -
Pages:
36
Surface Transforms manufactures and sells carbon ceramic brake discs. The last threemonth period of contract awards since the financial year-end has been transformational in the development of the company. It now has multi-year, multi-million, recurring income contracts from European-based global OEMs. These will support cash breakeven during 2020, moving to EBITDA-positive (post-tax credit) in fiscal 2021 and profitability in 2022. Long-term contracts collectively bring lifetime revenues of