Revenues at nanomaterial developer Nanoco Group (Nanoco) have risen 21 per cent to £1.3m amid increased commercial activity.
The company has posted is half-year results for the six months up to 31 January 2022 – revealing adjusted EBITDA of £1.1m courtesy of cost savings and gross profit.
It reduced its monthly cash burn reduced to £0.3m – down 25 per cent from £0.4m this time last year.
Nanoco Group PLC (LON:NANO) leads the world in the research, development and large-scale manufacture of heavy metal-free nanomaterials for use in displays, lighting, vertical farming, solar energy and bio-imaging.