Advanced engineering materials company Versarien has reported “significantly reduced” losses in a year of operational expansion and commercial collaborations with international brands.
The Gloucestershire-based business creates products using graphene, a material made from a single layer of carbon atoms, for the automotive, clothing, biomedical and aerospace sectors.
A set of interim results for the year ending March 31, 2022, revealed group revenues from continuing operations rose by a third to £7.63m from £5.69m a year earlier.
