Surface Transforms is now well capitalised following completion of an oversubscribed c.£20m fundraise. Management will move rapidly to develop OEM Production Cell Two to fulfil new and anticipated orders. We update our estimates for the fundraise and the revised investment programme. Sales and gross profit are unchanged, but overheads will be higher in all years reflecting the required investment in the platform to deliver for customers. 2021e will be a year of build-out; OEM orders start to flo ....
22 Feb 2021
Surface Transforms (SCE LN) - Investing for the ramp-up
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Surface Transforms (SCE LN) - Investing for the ramp-up
Surface Transforms PLC (SCE:LON) | 3.1 0 (-10.1%) | Mkt Cap: 10.9m
- Published:
22 Feb 2021 -
Author:
Robin Byde -
Pages:
13
Surface Transforms is now well capitalised following completion of an oversubscribed c.£20m fundraise. Management will move rapidly to develop OEM Production Cell Two to fulfil new and anticipated orders. We update our estimates for the fundraise and the revised investment programme. Sales and gross profit are unchanged, but overheads will be higher in all years reflecting the required investment in the platform to deliver for customers. 2021e will be a year of build-out; OEM orders start to flo ....