News blog

Acta

• BY: Andrew Hore |
• POSTED: 27/03/2014 |

Electrolyser technology developer Acta is expected to significantly increase its revenues this year but it will still lose money. 

In 2013, revenues dipped from €436,000 to €411,000 but the loss fell from €3.13m to €1.2m but that is not as good as it looks because it includes the unwinding of a previous share option cost. However, revenues from continuing activities were higher. Product sales improved and there is a 50% repeat order rate.

Uses of Acta’s technology include back-up power for telecoms, fuel cell vehicles and energy storage. Production has been streamlined by the development of modular design for the product range.

There was €2.1m in the bank at the end of 2013 and this should last until the second half but more cash will probably be required. There was a €2.7m outflow during 2013.

Equity Development forecasts 2014 revenues of €3.41m and a loss of €2.58m - an underlying improvement. In 2015, revenues could nearly treble but the forecast loss is still €1m.

At 6p a share, Acta is valued at £10.2m.

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