Graphene manufacturer Versarien has warned it will need “continuing support” from investors after challenging economic conditions “delayed the commercialisation we were anticipating” for its products.
Founded in an engineer's garage, the Gloucestershire-based advanced engineering materials firm creates commercially viable products from graphene, a material made from a single layer of carbon atoms, for the automotive, clothing, biomedical and aerospace sectors.
The AIM-listed company posted a marginally widened loss of £8.4m for the 18 months to the end of September 2022, compared to an £8.1m loss for the year to March 2021.
