Versarien capitalising on strategic partnerships, driving technological advancements

Versarien Plc (LON:VRS), the advanced engineering materials group, has announced its unaudited interim results for the six months ended 31 March 2024.

Financial Summary

●     Group revenues of £2.50 million (2023: £2.62 million)

●     Graphene revenues of £0.28 million (2023: £0.09 million)

●     Grant income of £0.20 million (2023: £0.06 million)

●     Adjusted LBITDA* of £0.79 million (2023: £2.01 million)

●     Loss before tax of £1.77 million (2023: £3.40 million) 

●     Cash of £0.70 million as at 31 March 2024 (30 September 2023: £0.60 million)

*Adjusted LBITDA (Loss Before Interest, Tax, Depreciation and Amortisation) excludes Exceptional items and Share-based payment charges)

Operational Highlights

●     Completed an agreement with MCK Tech (Korea) for the exclusive licence of five CVD patents

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