HYDROGEN power producer
In a trading update, the firm reported half-year revenues of £7.5m, within the £10-18m full-year guidance, and an adjusted EBITDA loss of between £22- 23.5m against a full-year guidance of £45-55m.
It revealed net cash at the end of the first half of the year of £253.7m, against full-year guidance of £175-200m.
Based in Sheffield,
The company's chief executive
The old ITM had its fair share of woes in recent months. Despite difficulties, the company recently vowed to list in the US, swayed by the Inflation Reduction Act.
(c) 2023 City A.M., source