Applied Graphene Material’s (AGM’s) FY20 results show the beneficial impact of management’s decision in October 2019 to focus on dispersion and application technology to better support product development with those customers presenting the nearest-term revenue opportunities. Revenues increased by 66% year-on-year in FY20 to £83k and adjusted EBITDA losses narrowed by £1.5m to £3.1m. With three new customer products launched in FY20 and three launched so far in FY21, progress looks set to continue.
Enabling customers to develop new products
Customer product launches during FY20 included a graphene-containing primer for Halford’s retail range and a Hycote-branded aerosol primer from James Briggs, which is sold to consumers via Amazon and to professional automotive paint shops.
Applied Graphene Materials (LON:AGM) manufacture production ready graphene based Genable® dispersions, with product integration expertise to deliver multi-functional performance enhancements across a wide range of applications.