Surface Transforms has made significant strides to becoming a volume producer to global automakers. The Group has secured major multi-year orders, successfully raised funds for growth, refreshed its Board and wider management team, and announced a new more efficient manufacturing strategy. That said, as we discussed recently, 2021e is a transitional year and there is risk of delays to the drawdown of discs by OEMs. Surface has flagged that £2m of revenue, out of a £27.5m contract with OEM 8, may ....
13 Sep 2021
Surface Transforms (SCE LN) - Transition to volume producer: many positives but also some risk of delays
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Surface Transforms (SCE LN) - Transition to volume producer: many positives but also some risk of delays
Surface Transforms PLC (SCE:LON) | 9.2 0 0.0% | Mkt Cap: 32.4m
- Published:
13 Sep 2021 -
Author:
Robin Byde -
Pages:
13
Surface Transforms has made significant strides to becoming a volume producer to global automakers. The Group has secured major multi-year orders, successfully raised funds for growth, refreshed its Board and wider management team, and announced a new more efficient manufacturing strategy. That said, as we discussed recently, 2021e is a transitional year and there is risk of delays to the drawdown of discs by OEMs. Surface has flagged that £2m of revenue, out of a £27.5m contract with OEM 8, may ....