Nanoco has reported better interim revenues and reduced pre-tax losses for the six month period to January 31, 2023, today.
The University of Manchester spin-out, which has relocated to Runcorn, develops materials used in the manufacture of monitors and TV screens and technologies for medical imaging and the early diagnosis of cancer.
Revenues of £1.562m, were up from £1.099m the previous year, while pre-tax losses reduced slightly, from £2.347m a year ago, to £2.334m.
The business benefited from its successful IP litigation case against South Korean electronics giant Samsung in February which will pay Nanoco $150m.
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.