Nanoco Group

Broker Peel Hunt didn't mince words following news that Nanoco Group PLC (LSE:NANO) lost an important customer of its materials used in infrared sensing applications In a bleak assessment, Peel Hunt analysts said: “With this strategic shift, Nanoco's chances of commercialisation fall to zero in 2025, resulting in the company expecting revenues to be 25% below consensus, and shifting down from a low starting point for the outer years. “This means all hopes for a scaled commercial production project lie with its one Asian customer, with whom Nanoco continues to work well.» Mehr auf proactiveinvestors.co.uk

Nanoco Group PLC (LSE:NANO), the London-listed supplier of materials used in infrared sensing applications, plummeted in opening exchanges after announcing the loss of a key European customer. According to Nanoco, the customer's decision was based on its own strategic priorities and not as a result of concerns with the performance of Nanoco's materials.» Mehr auf proactiveinvestors.co.uk

Nanoco Group PLC (LSE:NANO) shares slumped 29% to 14p after warning that revenues will be lower than expected, as it no longer expects a further production order for its validated first-generation sensing products this year and has not signed a new display materials anchor customer. The company said it continues to engage in small-scale commercial projects for customers interested in display materials and is in dialogue with its first-gen sensing customer "to understand the range of possible outcomes and any potential impact" beyond the end of the financial year.» Mehr auf proactiveinvestors.co.uk