Versarien Share Discussion Threads

[captain_kurt] 19/7/2018 07:18

Steady report... increased revenues Decreasing loss and scaling up for significant graphene orders

[superg1] 19/7/2018 07:17

Mr

BT

The tyres isn't a collaboration yet they wanted to get on with testing.

I'm stunned by the 3 tonnes comment, where did that come from. It cost AGM millions to get to a theoretical 1.5 tonnes which has been proved to be just theory.

23 Chinese cities or companies interested, Jeeez.

[luckykids] 19/7/2018 07:17

If you remember it was at struggle to get the CFO to sign off for one more machine before they knew it was going to be used, now it he is signing off to raise the capacity by a much larger amount.

[the deacon] 19/7/2018 07:17

Not enough to warrant that MCAP...

[festario] 19/7/2018 07:17

No mention of sales from Nanene.Some reference to that was made at the Investor Day and the VOX podcasts. But nothing in the accounts or commentary?It could be implied within the narrowing of the loss, but equally that could be the non Graphene businesses, AAC etc, returning to profitability.

[dmorty87] 19/7/2018 07:16

We will see what the market makes of it.

[f3rdinand] 19/7/2018 07:16

The overly positive twitter noise by our CEO may come back to bite today and hit some traders!

[mrbt] 19/7/2018 07:13

No mention of progress with tyres.

[club sandwich] 19/7/2018 07:13

sonson - quite.

[club sandwich] 19/7/2018 07:13

well one of my company aims was profitability by year-end (along with China and ISO), so they still have the end of year numbers. If they don't do it by then (ie if no large orders have materialised) they risk getting left behind.

[sonsonnyjim] 19/7/2018 07:12

Fairly steady report, not sure the teams boisterous behaviour is warranted though, yet anyway!

[chillpill] 19/7/2018 07:11

Club Sandwich I did try to tell you! :)

Companies get built over months and years!

[shammytime] 19/7/2018 07:09

He's an idiot, that's why. No self control. Although there's nothing we didn't know already, it's the platform for a solid future.

[dmorty87] 19/7/2018 07:09

Nothing to set the share price alight it's more a good steady progress report really.

[chillpill] 19/7/2018 07:09

All looks bang in line with my expected loss of £1.5-2m.

The additional graphene capacity CAPEX is extremely promising.

Also cash position is probably a bit better than I expected.

[potsol] 19/7/2018 07:08

I'm with you there CS. Definitely underwhelming.

[luckykids] 19/7/2018 07:08

Unfortunately Club you go from one extreme to the other

[club sandwich] 19/7/2018 07:08

3 tonnes in what period? A Year? A month?

[shammytime] 19/7/2018 07:07

All good stuff, nothing new. Looking forward to the results of some of the collaborations 'expected shortly'

[festario] 19/7/2018 07:07

Ho hum.Back to bed.

[luckykids] 19/7/2018 07:06

Continued investment in graphene manufacturing capability to support collaborative application agreements and increase maximum capacity to almost 3 tonnes
Didnt expect that so soon

[club sandwich] 19/7/2018 07:04

Nothing we didn't already know. Slightly underwhelming, TBH. Now 24 potential partners in China, but no closer apparently to signing with any of 'em...

And chillpill, looks like I need to apologise to you. Still a loss, even if decreased.

[tini5] 19/7/2018 07:03

Looks like next two months will be key with results from global chemical / global apparel collaborations. Exciting stuff.

[dafad] 19/7/2018 07:01

0915V

Versarien PLC

19 July 2018

19 July 2018

Versarien plc

("Versarien" or the "Company" or the "Group")

Preliminary Results for the year ended 31 March 2018

Versarien Plc (AIM:VRS), the advanced engineering materials group, is pleased to announce its unaudited results for the year ended 31 March 2018.

Financial highlights

-- Group revenues increased by 52% to GBP9.02 million (2017: GBP5.93 million) -- LBITDA* decreased by 33% to GBP0.8 million (2017: GBP1.2 million) -- Loss before tax decreased by 27% GBP1.6 million (2017: GBP2.2 million) -- Cash at 31 March 2018 of GBP2.3 million (2017: GBP1.4 million) -- Net assets increased by 23% to GBP8.0 million (2017: GBP6.5 million) -- Successful fundraising of GBP2.9 million gross in November 2017

* LBITDA (Loss before interest, tax, depreciation and amortisation) excludes exceptional items and share based payment charges.

Operational highlights

* Eight graphene application collaboration agreements secured during the year, with a further five entered into post period, with more in the pipeline * Asian graphene expansion targeted through incorporation of intermediate Hong Kong holding company * Continued investment in graphene manufacturing capability to support collaborative application agreements and increase maximum capacity to almost 3 tonnes * Graphene interest in China on-going with 24 potential partners now identified. Joint ventures will be determined by funding levels and IP protection * US expansion targeted through a local sales office in Palo Alto and appointment as inaugural Council Member of the US National Graphene Association * UK Government support provided through the secondment of its Head of Outward Direct Investment * Hexotene (TM) and Graphinks (TM) launched to further strengthen the Group's range of commercially available two dimensional materials * Mature businesses showing much improved financial performance

Commenting on the results, Neill Ricketts, Chief Executive Officer of Versarien, said: "The year to 31 March 2018 was one of considerable progress for Versarien in both our emerging technologies and more mature businesses. The graphene businesses have had a very exciting year having entered into a number of collaborations to incorporate our high quality Nanene(TM) and Graphinks(TM) in a variety of different uses such as packaging, aerospace and sports equipment. We continue to work towards collaborations with one or more Chinese partners to enable us to manufacture and promote our high quality products in China. New production equipment is on order for scale up in the UK, we have substantially strengthened our team and I consider Versarien to be extremely well placed to produce the quantities needed for the commercialisation of these collaborations when required.

"Our hard wear business has shown much improvement increasing its sales and returning to profitability. Our plastics business is focusing on efficiency improvements to further increase its returns and cash generation whilst also moving towards the incorporation of graphene into moulded parts.

"We would like to take this opportunity to thank our continually supportive investor base and our employees for their hard work as we look forward to the future with optimism and confidence."

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