Liverpool-based Surface Transforms plc said it increased the “lifetime value” of its order book by £175 million to £290 million in the year to December 31, 2022.
Surface Transforms is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications.
The company said its revenues improved 116% to £5.1 million for the year while loss before taxation widened to £6 million from £4.6 million.
Surface Transforms shares rose about 15% to around 37p to give the firm a stock market value of £90 million.
Surface Transforms plc (LON:SCE) is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications and has been certified to IS9001-2000 since 2008 and was certified to TS16949 automotive quality accreditation and AS9100C aerospace quality accreditation in 2015.