# Versarien plc Enquiries expanding rapidly, revenues up by 35%

- Link: https://www.directorstalkinterviews.com/versarien-plc-enquiries-expanding-rapidly-revenues-35/412731195
- Published: 2017-07-03T07:27:32+01:00
- Author: Giles Arbor

**Versarien Plc** (LON:VRS), the advanced engineering materials group, has today
announced its unaudited final results for the year ended 31 March 2017.

**Operational highlights**

● Pipeline of graphene enquiries expanding rapidly, including enquiries received
from America, Europe, Mexico, Japan and South Korea

● First significant graphene shipment of £0.1 million

● Two graphene related acquisitions in the year, both bedding down well

● Numerous collaboration agreements signed for graphene application development

● Graphene enhanced ABS (Acrylonitrile-Butadiene-Styrene) filament for use in 3D
printing launched

● Relocation of Hard Wear Products to a new factory near Aylesbury

**Financial highlights**

● Group revenues increased by 35% to £5.93 million (2016: £4.40 million)

● Net assets of £6.5 million (2016: £5.5 million)

● Cash at 31 March 2017 of £1.4 million (2016: £1.6 million)

● *LBITDA of £1.2million (2016: £1.3 million)

● Loss before tax £2.2 million (2016: £1.8 million)

* LBITDA (Loss before interest, tax, depreciation and amortisation) excludes exceptional
items and share based payment charges.

> **Commenting on the final results, Neill Ricketts, Versarien Plc Chief Executive
> Officer, said:** “The year to 31 March 2017 was one of considerable progress for
> Versarien. The opportunity afforded by our graphene powders and inks is now being
> recognised by a number of global companies with whom we are engaging. Our graphene
> has been independently verified as being of the highest standard and we are seeing
> opportunities emerging in many different markets as a result.
> “The acquisitions of AAC Cyroma and of Cambridge Graphene are bedding in well 
> and in addition we are now seeing positive signs of recovery in our traditional
> hard wear business.
> “We would like to take this opportunity to thank our continually supportive investor
> base and our employees for their hard work as we look forward to the future with
> optimism and confidence.”

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