Last checked at 
IN BRIEF: AFC Energy annual loss widens but deferred revenue surges
AFC Energy PLC - Surrey, England-based provider of hydrogen power generation technologies - Reports pretax loss of GBP19.5 million in the year to October 31, 2022, widened from GBP10.4 million a year prior. Says revenue from customer contracts totalled GBP582,000 down slightly from GBP592,000 a year before while basic loss per share in the period was 2.24 pence compared to 1.33p. Adds revenue and deferred revenue multiplies to GBP2.2 million from GBP600,000. Expects growing revenue from system rentals and hydrogen sales with an already contracted pipeline of deployments and growing pipeline of prospective H-Power Tower rentals. Highlights growing interest in new H-Power S Series Generator deployments from new and existing companies. Says near-term focus remains on construction sector, initially through system rentals before transitioning to sales to plant hire businesses.
Read more