Surface Transforms Share News (SCE)

IN BRIEF: Surface Transforms shares up despite widened annual loss

Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Revenue for 2022 amounts to GBP5.1 million, up from GBP2.4 million in 2021. Says the growth has been driven by development revenue from contracts. Pretax loss widens to GBP6.0 million from GBP4.6 million, as total administrative expenses rise to GBP9.0 million from GBP5.8 million a year earlier. Loss per share stands at 2.34 pence, compared to a loss of 2.08p in 2021. Looking ahead, Surface Transforms expects to meet forecast revenue and profitability targets in 2023. Says it is confident that it will be profitable in the first quarter of 2023.

TRADING UPDATES: Mila in joint venture talks, Ecora CEO buys shares

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

TRADING UPDATES: Topps Tiles notes calls by MS; Pioneer loss widens

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

TRADING UPDATES: Agronomics NAV up; Churchill China hires new CFO

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Surface Transforms secures contract but frustrated on other challenges

(Alliance News) - Surface Transforms PLC on Thursday said that while its new contract with US automotive company, OEM 10, was a considerable strategic win, production challenges throughout the year had been "frustrating".

Director dealings: Surface Transforms directors buy 600,000 shares

(Sharecast News) - Surface Transforms was in the green on Thursday afternoon, after it detailed share acquisitions made by four board members in its recent placing and subscription.

TRADING UPDATES: Smiths News, Cambridge Cognition win contracts

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

Surface Transforms shares down on GBP16.0 million fundraise

(Alliance News) - Surface Transforms PLC on Thursday said it has raised GBP16.0 million through a placing and subscription.

TRADING UPDATES: LoopUp, Surface raise capital; MaxCyte wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

IN BRIEF: Surface Transforms sees interim revenue rise on higher sales

Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Pretax loss widens to GBP2.5 million on the first half of 2022 from GBP2.2 million a year before. Total administrative expenses jump 45% to GBP4.2 million from GBP2.9 million. Revenue more than doubles to GBP2.9 million from USD1.2 million. Attributes this to increased sales to original equipment manufacturer customers, with a significant increase in development revenue to these same customers. Lifts sales guidance in the three years to 2025 by roughly 10% per year. Notes some "offsetting costs" of roughly GBP800,000, reflecting additional production overheads to support sales growth.

IN BRIEF: Surface Transforms secures five-year supply contract

Surface Transforms PLC - Liverpool-based manufacturer of carbon fibre reinforced ceramic materials - Picked as tier one supplier for a carbon ceramic brake disc to an unnamed battery electric vehicle automotive firm.

Surface Transforms shares up on doubled interim revenue, profit likely

(Alliance News) - Surface Transforms PLC on Wednesday said it is confident in posting a profit for 2022.

AIM WINNERS & LOSERS: Hutchmed down amid China Covid woes; Parkmead up

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

TRADING UPDATES: Microsaic Systems boasts "strongest ever" order book

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days