Member Info for Kooba

I wasn’t on the call but im saying they presumably have good reason to make that comment on GEN 1…they won’t have made it up…and as interpreted here if there was just a delay why not just say revenues now in the next financial year…i don’t think nanoco use the term delay anyway ..i wish they had ! Cavendish refers to a delay i think so who knows ..the company has left it like they have no clue if or whe they might get any further orders but hope to have a clue by OCT .which is nice.

So i will take that as a maybe then !

I am not saying that they do not have materials in a new sensor no…i cant prove that but i also have absolutely no proof that the materials are in a new sensor i have tried and i have zero evidence that they are in a product that has been launched in May. If you have beyond wishful thinking then share.

What sensor was launched in may containing our materials…and are you positive?

following customer dialogue, the group no longer expects to receive a further production order for its validated first generation sensing products during fy24.

no ngr peel hunt analyst knows how to read an rns …and most likely will have spoken to the company. as will the larger institutional holders will be doing over the next few days following the update…likely getting the same message that is being reflected in the price.

the comments on this board whilst i hope are read by the company have little direct impact on the price…its the sellers ****ed off with successive disappointment that have the impact.

Agree with your interpretation Flying if we were looking at a simple delay they would just change guidance to revenue recognition now expected in the new financial year…think that would have been received far better but .they obviously have no visibility and don’t know when or if they get any further GEN 1 orders or they would have said it ..unless they wanted this reaction!

Ok which one of you is the analyst at Peel Hunt..now independent small cap specialist house??

Nanoco warns of revenue hit after first-gen sensing order snub

The decrease in revenue, coupled with minor one-off increases in overheads, is likely to drag underlying profit (EBITDA) toward the lower end of the range of market forecasts, said broker Peel Hunt, which currently are for £0.5-1.5 million.

"This development appears to be a setback, given that production for Gen 1 was only achieved in December. This implies that we are unlikely to see any meaningful revenues until Gen 2 productions begin to deliver commercial orders, and the aim of reaching cash breakeven in FY25 will likely shift to the right," Peel Hunt analysts said.

https://www.proactiveinvestors.co.uk/companies/news/1051017/nanoco-warns-of-revenue-hit-after-first-gen-sensing-order-snub-1051017.html

331459 @ 14.94 booked out already

They are working £50000 a day.

Could be doing far more currently if they wanted to.,,again the liquidity arguments made of why they were not buying not adding up when they are limiting purchases whatever the volume avaialable.

What makes you think they use our IP?

Seems very much to be being acquired for the CQD IP.

With this acquisition, onsemi will combine its silicon-based CMOS sensors and manufacturing expertise with the CQD technology to deliver highly integrated SWIR sensors at lower cost and higher volume. The result are more compact, cost-effective imaging systems that offer extended spectrum and can be used in a wide array of commercial, industrial and defense applications.

Positive

The acquisition enhances onsemi's intelligent sensing portfolio by integrating CQD® SWIR technology.

Expected to create cost-effective, high-volume SWIR sensors by combining CQD and CMOS technologies.

Potential growth in key markets like industrial, automotive, and defense.

SWIR sensors provide advanced imaging capabilities, useful in various applications including surveillance, inspection, and autonomous vehicles.

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner and smarter world. onsemi is recognized as a Fortune 500® company and included in the Nasdaq-100 Index® and S&P 500® index. Learn more about onsemi at www.onsemi.com.

Market cap over $30b

SWIR Vision Systems, the Research Triangle Institute spin-out that has developed award-winning infrared short-wave infrared (SWIR) sensors and cameras based around colloidal quantum dots (CQDs), has been acquired by the semiconductor manufacturer onsemi

https://optics.org/news/15/7/6

Yeah but apart from all that !!

Some good posts TG2D.

Something bigger than a slight delay in secondary orders has happened ..and they don’t know how to explain it so have stalled for time for now. Be very surprised if they just get some orders coming through before the end of this year now…as that was all they were guiding to anyway but decided now to put a shot across the bows that that is not happening.

Can they pull something out the bag on display ..indicated a major player within 6 months in the edison interview out last week ( and that was filmed around the tender) …now

“The Group continues with some small-scale commercial engagements for customers interested in display materials, although no new anchor customer has been signed at this time.”

It’s like they want the price down..

Compare and contrast 7th December 2023

Brian Tenner, Nanoco's CEO, commented:

" Nanoco is now a fully funded new technology business that has already gained commercial traction for two of our products. We have strong and validated IP covering a range of applications and the financial wherewithal not just to defend that IP, but also to continue funding our leading edge R&D to create additional valuable IP.

" O ur customers' global reach , proven credibility, and ambitions for this technology, emphasise the opportunities for Nanoco. Alongside the intended return of capital in 2024, the Board is confident that the Group will deliver increases in shareholder value in the medium term."

Even BTs comments are really rather tame compared to the usual ( in hindsight) overconfidence. Very run of the mill broad comment about investing ( shareholder money) in less dependency on a single customer…bit late and been there done that already ! Think they have had the stuffing kicked out of them by STM…but , but you told us to expect more orders and demand would build..

“Brian Tenner, Chief Executive Officer of Nanoco, said:”

"We continue to work hard across a range of products, customers and market sectors to deliver the adoption of quantum dot technology. The number of potential applications continues to grow strongly. The majority of our income generating staff remain engaged in paid for development work on new products in sensing and display applications. By investing across a broad range of business development opportunities, we aim to further reduce any dependency on a single customer and to deliver increases in shareholder value in the medium term."

“..whilst hiding behind cowardly nicknames..”

Says “Terrorwit “..oh how brave you are.

I have put questions to the company as a shareholder lasted directed to the chairman ..they do not respond ..i put questions to Cavendish ..they do not respond . Cowardly who?

This company does not think it is accountable.

The increased revenue for next financial year could reflect on a work programme in display expected before the year end..or further jv sensor work. All very well and would be positive but these partnerships, jv’s and work programmes have not translated to sustainable revenues for the company's products so far. A display licensing deal would provide better income.

I note they are expecting an increased cash burn of £4.5m for FY2025 now leaving £15.8m July 2025.

There’s not much else mostly adjusting numbers down..but maintaining big opportunities with no clear direction of how those opportunities translate to profits. Maybe gen 1 is not a complete write off but ..who knows!

Have the full note and there is some cause for optimism from what they say now…though it’s difficult to see where their estimates come from on the basis of what the company has told shareholders.However they have reduced their FY2025 forecast but are still expecting increased revenues over current year. So they see new revenue streams on top of the Samsung and r&d work programmes. They also retain their target which on anything but a multi year view looks somewhat stretched!

We are reducing our revenue forecast for FY July 2024 from £8.45m to £7.90m, and our EBITDA forecast from £1.52m to £0.60m. The statement notes that there is uncertainty of the impact beyond the current financial year, and we therefore reduce our FY July 2025 revenue forecast from £10.74m to £9.65m and our EBITDA forecast from £2.79m to £1.67m. Our target price of 60.2p is based on medium-term (FY July 2028) EBITDA scenarios and is unchanged.

Headline..going to read the rest later..

Note they didnt get that busy on the buyback considering the overall volume..again the liquidity arguments looking thin.