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Haydale reports on financial results for 2022

Haydale Graphene Industries has reported a widened pretax loss for the fiscal year of 2022, reflecting increased costs for sales, marketing, quality and production capability. Haydale’s reported pretax loss was of GBP5.2 million ($5.9 million) for the year ended June 30, compared with a loss of GBP3.8 million (around $4.3 million) a year ago.

The Company’s revenue totaled at GBP2.9 million ($3.3 million). This represents a robust performance given that fiscal 2021 revenue was mainly boosted by a pull forward of GBP1.2 million ($1.35 million) silicon carbide and a GBP400,000 ($451,000) one-time reactor sale, it added.

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