- Applied Graphene Materials reported wider losses as revenue growth in the year had been slower to materialise than expected.

For the year ended 31 July 2019, pre-tax losses widened to £4.8m from £4.5m a year earlier. The company did not generate revenue growth, which it blamed on the time to introduce and test materials rigorously for customer product launch’.

'The route to launch graphene-enhanced products takes time to realise full potential, due to the varied and often lengthy testing processes and the complexity of effectively transferring graphene's exceptional properties,' the company said.

The company said, however, it was confident that, with the reduced cost base and existing cash resources, it would have sufficient time to significantly grow revenues in the emerging graphene market.

At 8:23am: [LON:AGM] Applied Graphene Materials share price was 0p at 18p

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