Panmure Gordon Analyst Sanjay Jha said this morning about Versarien Plc (LON:VRS): “Versarien has exceeded our revenue expectations by 6% for FY2015, delivering revenue growth of 69% to £4.98m. Headline pre-tax loss is in line with our expectations of £0.5m; the losses reflect continued investment in next-generation Graphene and Thermal Products. The Hard Wear Products (tungsten carbide) business produced a near doubling of operating margins from 11% to 21%. Inevitably, the sharp fall in oil price has impacted our FY2016 forecasts, in particular for Hard Wear products. However, we still expect revenue growth of 56% in FY2016. The pace of strategic activity should not be interrupted given the strength of balance sheet (net cash of £3.5m at end-Mar 2015). Looking beyond FY2016, our forecasts imply a three-fold increase in sales by FY2018 to £15m even before the full potential of graphene is realised. The addressable graphene market is expected to be in excess of $200m by 2019 rising to $1.3bn by 2023.”
Versarien raises £246,038 via Placing
28th January 2025
Versarien plc (LON:VRS) raises £246,038 through placing of new shares at 0.033 pence per share. Funds will be used for general corporate purposes.