Versarien’s graphene revenues grew 170% in the past year

Versarien announced its latest financial results. The company reports increased interest from global companies, with an increase in revenues and a drop in net loss.

In the year that ended on March 2022, Versarien’s revenues grew to £7.6 million, up from £5.7 million a year ago. The group’s graphene revenues grew by 170% to £1.9 million. The company’s operating loss decreased to £1.04 million (down from £1.88 a year ago). Versarien reported it had £3.1 million in cash and equivalents at the end of the quarter.

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Versarien, Graphene investing and financials