Atome Energy PLC - Leeds, England-based producer and marketer of green hydrogen and ammonia - Reports a pretax loss of USD2.2 million in 2021, its inaugural results following it joining the London Stock market on December 30. Company says loss includes USD700,000 in listing-related expenses and USD1.2 million of expenditure under agreements with founding shareholders. Assets at December 31 total USD8.3 million.
Chair Peter Levine says: "In the short period since the IPO, whilst not losing focus on our core projects, we have signed a world-class scale power purchase agreement for 60 MW in Paraguay as well as creating our Mobility Division and ordered our first electrolyser. All this means in 2023 we expect to be generating our first revenues ahead of expectation at the time of the IPO and are advancing our production plans generally."
Current stock price: 127.9 pence, down 0.4% in London
By Heather Rydings; heatherrydings@alliancenews.com
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Atome Plc (ATOM)