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Share Price: 6.25

Bid: 6.00

Ask: 6.50

Change: 0.00 (0.00%)

Spread: 0.50 (8.333%)

Open: 6.25

High: 6.25

Low: 6.25

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IN BRIEF: Hardide optimistic on future despite widening annual loss

Tue, 07th Dec 2021 06:56

Hardide PLC - Oxfordshire-based advanced surface coating technology developer - Outlines upbeat expectations for coming year despite reporting a widened pretax loss for financial 2021 on a 25% decline in revenue. For year ended September 30, pretax loss widens to GBP2.9 million from GBP1.4 million last year on revenue of GBP3.6 million, down from GBP4.8 million. Looking ahead, says demand is now "resurgent" across all sectors and has healthy pipeline of exciting opportunities in both current and new markets. Notes several new contracts including a first large production order received for the coating of gas turbine blades with a European turbine manufacturer and a production order for Airbus A320 aircraft wing components.

"Looking forward, the much improved sales performance in the first months of the current financial year and the considerable pipeline of opportunities augur well for further growth in sales. This provides us with confidence in the group's prospects for 2022 and onwards," says Chair Robert Goddard.

Current stock price: 31.50 pence, down 3.1% on Monday

Year-to-date change: down 1.6%

By Will Paige; willpaige@alliancenews.com

More News

4 Jul 2018 17:17

DIRECTOR DEALINGS: Hardide Non-Executive Director Buys Shares

LONDON (Alliance News) - Hardide PLC said that Non-Executive Director Tim Rice purchased 550,000 shares at a price of 1.8 pence per share on Wednesday, which makes up his entire shareholding in in

14 May 2018 09:34

Hardide Interim Loss Narrows As Oil & Gas Rebound Boosts Revenue

LONDON (Alliance News) - Tungsten-carbide coating firm Hardide PLC said Monday its half-year loss narrowed as revenue rose amid a bounce-back in sales to its oil and gas customers and as its and a

9 May 2018 16:08

Amati AIM VCT Boosts Hardide Interest To 10.7% From 4.8% (ALLISS)

LONDON (Alliance News) - Surface coatings firm Hardide PLC on Wednesday said Amati AIM VCT PLC increased its holding in the company by just under 6% in a transaction on Friday last now has a 10.7%

4 Apr 2018 11:47

Hardide Interim Trading Outperforms Both Halves Of 2017

LONDON (Alliance News) - Surface coating developer Hardide PLC said on Wednesday that for the first six months of its financial year, trading was ahead of the first and second

20 Mar 2018 13:51

Surface Coatings Maker Hardide Appoints Two New Board Members

LONDON (Alliance News) - Hardide PLC said Tuesday that it has appointed Tim Rice and Charles Irving-Swift non-executive directors of the surface coating firm amid the of Jan -

12 Dec 2016 12:08

Hardide's FY losses widen as sales hit by oil and gas slowdown

(ShareCast News) - AIM-listed Hardide, which develops and provides advanced surface coating technology, reported a wider loss for the year to the end of September as sales took a hit from a downturn in the oil and gas market. The company reported a pre-tax loss of £1.46m compared to a loss of £207,0

18 Oct 2016 14:33

Hardide trades in line with expectations as oil markets subside

(ShareCast News) - Advanced surface coating technology company Hardide posted a pre-close trading update ahead of ts preliminary results for the year to 30 September on Tuesday. The AIM-traded firm said it expects to report results in line with current market expectations, with the second half seein

29 Sep 2016 13:13

Hardide Completes GBP1.1 Million Share Subscription (ALLISS)

9 Aug 2016 13:41

Hardide Raises GBP530,000 In Share Subscription (ALLISS)

6 Jun 2016 09:59

Hardide interim loss widens amid oil and gas downturn

(ShareCast News) - Hardide reported a wider interim loss as the downturn in the oil and gas exploration market takes its toll on the company. For the six months to the end of March, the AIM-listed surface coating technology provider posted a group operating loss of £624,000 compared to a £68,000 los

6 Jun 2016 09:37

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6 Jun 2016 07:10

Hardide Loss Balloons As Oil And Gas Weakness Halves Revenue

22 Mar 2016 08:47

Hardide To Miss Market Expectations On Oil And Gas Downturn

22 Feb 2016 10:08

Hardide confident on long-term prospects

(ShareCast News) - AIM-listed surface coatings company Hardide is confident about its medium and long-term prospects. In a statement ahead of its annual general meeting, the group said it continues to make good progress in diversifying its customer base. However, it said demand from the upstream oi

22 Feb 2016 09:25

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