bullish
Nanoco Group - First commercial order fulfilled – major milestone
SUMMARY
Nanoco’s announcement that it has fulfilled its first commercial order heralds the company’s transition from a development-stage company to a commercial supplier of quantum materials. The order provides support for our FY24 forecasts and is a key milestone on the company’s pathway towards becoming self-financing in FY25, with the potential to scale up significantly beyond that, if design wins in high-volume sensing applications can be secured.
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- Nanoco Group - First commercial order fulfilled – major milestone15 Nov 2023
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