Nanoco widens losses

Nanoco, which develops quantum dot lighting, saw its share price fall almost six per cent after announcing losses had widened in the last year.

Nanoco, which develops quantum dot lighting, saw its share price fall almost six per cent after announcing losses had widened in the last year.

The firm was £4.35m in the red in the year to the end of July, from £3.22 the year before.

It posted a loss in terms of earnings per share of 1.8p, compared to 1.3p in 2011, saying there would be no dividend.

The loss came on revenues that were up to £2.95m from £2.64m the previous year.

The firm said the wider loss reflected costs associated with completing the company's Kilo Lab facility, together with higher staffing costs.

The firm also warned that it remained difficult to predict the exact timing and scale of orders particularly as it was seeing an emerging preference in the display industry towards its quantum dots being used in films.

Nanoco's shares were trading down 5.7% at 62p by 1415 on Monday.

MM

Recommended

Britain’s ten most-hated shares – w/e 9 August
Stocks and shares

Britain’s ten most-hated shares – w/e 9 August

Rupert Hargreaves looks at Britain's ten most-hated shares, and what short-sellers are looking at now.
10 Aug 2022
Aviva: One for income investors to tuck away
Share tips

Aviva: One for income investors to tuck away

Insurance giant Aviva is one of the highest yielding stocks in the FTSE 100 – and it’s cheap, too, making it a tempting target for income investors. R…
10 Aug 2022
Director dealings w/e 5 August: what company insiders are buying and selling
Stocks and shares

Director dealings w/e 5 August: what company insiders are buying and selling

Directors’ share dealings can often give investors an insight into the sentiment of company insiders. Here are some of the biggest deals by company di…
9 Aug 2022
Britain’s most-bought shares w/e 5 August
Stocks and shares

Britain’s most-bought shares w/e 5 August

A look at Britain’s most-bought shares as of 5 August, providing an insight into how investors are thinking and where opportunities may lie.
9 Aug 2022

Most Popular

Are UK house prices finally heading for a crash?
House prices

Are UK house prices finally heading for a crash?

The latest house price figures show a fall of 0.1% in July. With interest rates rising, inflation hitting double figures and a recession on the cards,…
5 Aug 2022
Brace yourself for the return of rationing
Economy

Brace yourself for the return of rationing

Russia is turning off the cheap energy. That is already leading to belt-tightening, says Matthew Lynn. Who will suffer most, and which sectors will th…
5 Aug 2022
Fear of missing out – what should investors do now?
Investment strategy

Fear of missing out – what should investors do now?

Markets have rallied from their mid-June lows. But if you missed out, as most investors did, what should you do now? Max King explains.
8 Aug 2022