Member Info for Feeks

"We will be working hard to continue these trends, particularly with confidence in the visibility of commercial production orders and an initial outcome to the trial in Texas during H1 FY23."

Can I just check, has this period started - i.e. H2 of CY22?

Brian Tenner, Nanoco's CEO, commented on the results:

"We have consistently delivered on all of our target milestones throughout the Period. The full year contract with the European electronics customer covers product validation and new material development. This is a clear sign of their commitment to commercialising infra-red sensors using Nanoco's quantum dots. We maintain our goal of being ready in H1 FY23 for potential commercial production orders in the short term.

"Interest has been re-energised in our CFQDs for use in displays. This reflects the gradually increasing number of panel makers seeking cadmium free solutions and also reflects the strong underpinning of Nanoco's IP provided by the PTAB decisions earlier this year.

"We are consolidating our core R&D and scale up capabilities in our Runcorn production facility to deliver sustainable net savings of around £0.7m p.a. The over-subscribed equity fund raise significantly extended the cash runway beyond when we expect to be self-financing. This has also allowed targeted strategic investments in new equipment and additional personnel as we increase our overall activity levels across the business, including new R&D staff to support new materials for other quantum applications.

"We are also pleased with the developments in our litigation against Samsung during the Period. The progress vindicates and enhances our confidence in the merits of our case. We won all five of the inter partes reviews at PTAB. At the pre-trial conference, the motions that are important to Nanoco were resolved in our favour. We have been able to narrow our focus ahead of the short one week trial onto those claims that Nanoco considers to be the strongest and most clearly infringed. We patiently await a confirmed date for that trial.

"The whole Nanoco team has worked hard to deliver significant progress on a number of fronts during the year. We have increased the potential to create significant shareholder value in our organic activities and the Samsung litigation in the short to medium term. We will be working hard to continue these trends, particularly with confidence in the visibility of commercial production orders and an initial outcome to the trial in Texas during H1 FY23. The Board therefore has growing confidence in the strength of the investment proposition and value inherent in the business."

It is mainly what we know (and we members of this board have studied closely), but some small-ish good news on the organic side: "Revenue increased 19% to £2.5m (FY21: £2.1m) on increased activity levels". This of course is a good sign generally, and chimes with what we have already been told about additional customers / materials translating to increasing commercial prospects. I also note "Cash of £6.8 million at year end with average net monthly burn rate now under £0.2m", which carries the company to 2025 and beyond. It is great not to have any imminent concerns about short term dilution.

On the significant contract extension with European electronics customer to deliver materials validated for commercial production, and the organic business generally, there is much promise and confidence in more to come from what Brian has said.

The history of this company is that it has consistently announced deals which have either collapsed, been delayed or petered out without any revenue. There is no point investing here unless and until the company shows it can generate sustainable revenues, which based upon past performance is likely to never happen.

Yes, it might be small deal (that's my assumption) but it's a good sign that a) the product works, and b) can be exploited commercially. In these markets any 'news' will need to be stellar to raise the SP, with most stocks continuing to drop.

Good news (ish) but Presty seem to be a pretty small market player. Anyone know any different?

Nanoco recently added agric aoplications to its presentation slides.

https://www.laserfocusworld.com/detectors-imaging/article/14276564/photonics-applications-emerge-for-agriculture

ICFO are mentioned:

https://compoundsemiconductor.net/article/112134/Researchers_Make_SWIR_LED_From_Quantum_Dots%7BfeatureExtra%7D

Imagine if we do get a bumper pay day to siphon funds into the depths of the markets.... It could be very fortuitous timing. As a regular license fee earning company, Nanoco also becomes a highly attractive investment, and even more so if we see movement in the commercialization of sensors. I am skeptical on the latter until it happens.

Nanoco again showing today why ironically it has become a dependable 'secure' stock in my portfolio. I am very glad to have tied up so much money here when I look at the carnage all around.

I am not invested here anymore but I read the RNS which I interpreted as a strong-ish buy. Investment is a funny old game, though, isn't it? I've not read the comments posted below yet which I shall have to catch up on. Either way, I'm surprised but the market obviously knows how to judge it better than I do!

Isn't is the point that IF Nanoco wins this trial any sales by Samsung between now and then could yield up to 3x the revenue that Nanoco would have earned under a license. And it cannot be less than equivalence. So in my view delay is hardly a tragedy now that Nanoco's cash runway is secure into 2025.

Time to review the docs, and all eyes on progress with organic business. A trial in Q1 '23 would make things interesting if the STM contract comes to fruition as forecast. Meanwhile S Qd display sales rack up. Nanoco still a goood hedge amidst market turmoil. From the only investor here who is not disappointed.

Would 'not'

I also agree fhat the judge's wilfulness decision would be influenced by his view on damages. They are two separate questions. But the point remains that the judge has this power and may be predisposed to use the multiplier in a way which delivers justice. You just won't find it in the reasoning.

https://www.perronerobotics.com/news/perrone-robotics-demonstrates-integration-with-verizon-hyper-precision-location-amp-5g-at-lake-nona?utm_campaign=September%20Campaign&utm_medium=email&_hsmi=226931261&_hsenc=p2ANqtz-9mMMLnWB3SivM0Qkvqs4CNwMpsrJWijm0uwCwHNC37xxTfEdflEllqGw8ccsgpH7gea-I_wC5v2q0p8EGt2qj3fAt2dr8YCxQEZFglI8kLHRSI2OA&utm_content=226931261&utm_source=hs_automation

Ok, thank you! I don't want to sound too cranky today but I've seen too many boards stray way off topic that they become valueless and overly time consuming to read. There there is so much else that is worthy of investigation and discussion. Good news generally, that N gets paid in $. And that's all there is to say!

Don't misinterpret me peregrinetrouser, or maybe I do need to spell it out in CAPS. The relative shift in currency rates since Dec 2020 pays for the funder in real terms. On a 20% share of profit it does just about that.

All I know is that this board is sinking beneath the quality of the £ of late.

Out for a while until sensible comment resumes.

Long awaited good news on US regulatory approval - only took 4 years! But individual State approval still needed apparently and no beginning in sight of those "meaningful" sales. The trouble is that EU sales have been fairly non-existent. And Director salaries are simply exorbitant (yes please). I will watch and wait.

? Macroeconomics is highly peripheral to the Nanoco investment case. The minute we go down that road there will be dozens of political posts to wade through.

Excuse me but we don't need a load of political and/ or economic posts on this board. Those subjects can be discussed elsewhere