News blog

Surface Transforms

  • BY: Andrew Hore |
  • POSTED: 12/05/2019 |

There have been more delays at Surface Transforms. 

The carbon fibre brake discs developer says some revenues will be delayed until 2019-2020 or later. This is mainly due to the customer known as OEM 6, but the value of the contracts has not changed.

Forecast revenues for the year to May 2019 have been halved to £1m. Surface Transforms was expected to make a 2018-19 loss of £1.9m, compared with £2.2m in 2017-18, but the forecast loss has been increased to £2.7m.

Surface Transforms recently raised £1.9m at 15.5p a share. The share price has fallen to 11.5p.

© 2019 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

News Blog
All micro news

Quoted Micro 18 November 2019

Continue reading... | 18/11/2019

EIS Crowd 15 November 2019

Scaleups continue to grow in numbers

Continue reading... | 18/11/2019

Quoted Micro 11 November 2019

Continue reading... | 11/11/2019


Progress at Internet of Things products supplier LightwaveRF has been held back by a lack of working capital. 

Continue reading... | 11/11/2019

All micro news

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at Subscribe to AIM Micro RSS Feeds