Announcement • May 27
Nanoco Group PLC Announces Intention to Delist Ordinary Shares from the Main Market of the London Stock Exchange Nanoco Group PLC announced its intention to delist from the Main Market of the London Stock Exchange. Since the announcement on 26 January 2026 relating to the termination of the process of finding a purchaser for the Group's trading business, the Board has been considering various options to both maximise shareholder value and preserve the Company's cash balances. The Board believes that by taking further measures to reduce the Company's operating costs and carefully investing its remaining resources in existing high-potential business areas, greater value can be generated for Shareholders. In order to further reduce operating costs, the Board has decided to seek Shareholder approval for the proposed cancellation of the Ordinary Shares from the Official List and from admission to trading on the main market for listed securities of the London Stock Exchange (the "Cancellation") while maintaining the ability for Shareholders to continue to be able to trade in Ordinary Shares through the Matched Bargain Facility described below. Such cancellation is expected to result in a further annual cost savings of £0.7 million. Although the Company had a cash balance of £10.1 million as at 19 May 2026 and the Company is neither currently experiencing any financial difficulty nor is it expected to in the near term, these cost savings will extend the Group's cash runway, with a view to being break even in the medium term. Additionally, this will also free up significant resource which can be allocated to the achievement of the Group's strategic objectives. Conversely, were these cost savings to not be achieved, and were there further delays in the commercialisation of the Company's products, the Group's ability to break even in the medium term and achieve its strategic objectives would be further hindered by the current cost and resource burden associated with being a listed company. Following the proposed Cancellation, it is proposed to re-register the Company as a private limited company (the "Re-registration") and to adopt new articles of association to reflect the change in the Company's status to a private limited company. As both the Cancellation and the Registration require the approval of not less than 75 per cent. of the votes cast by Shareholders (whether present in person or by proxy) at a General Meeting, a circular (the "Circular") has today been dispatched to Shareholders containing further detail about the Cancellation and the Re-registration and convening a general meeting to be held at 10.30 a.m. on 19 June 2026 for the purposes of obtaining the necessary approvals. New Risk • May 21
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-UK£17m). Market cap is less than US$100m (UK£13.0m market cap, or US$17.5m). Board Change • May 07
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non Executive Director Chris Batterham was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 22
First half 2026 earnings released: EPS: UK£0.012 (vs UK£0.005 loss in 1H 2025) First half 2026 results: EPS: UK£0.012 (up from UK£0.005 loss in 1H 2025). Revenue: UK£7.70m (up 123% from 1H 2025). Net income: UK£2.26m (up UK£3.29m from 1H 2025). Profit margin: 29% (up from net loss in 1H 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Announcement • Apr 21
Nanoco Group plc Provides Revenue Guidance for the Year 2026 Nanoco Group plc provided revenue guidance for the year 2026. For the year, the company's full year revenue expected to be c. £11.3 million, in line with market expectations. Announcement • Apr 13
Nanoco Group plc to Report First Half, 2026 Results on Apr 20, 2026 Nanoco Group plc announced that they will report first half, 2026 results on Apr 20, 2026 Announcement • Mar 28
Nanoco Group plc Announces Shoei Litigation Conclusion Nanoco Group plc confirmed that it has signed a definitive agreement with Shoei Chemical Inc. and Shoei Electronic Materials, Inc. (collectively, Shoei) to settle the ongoing litigation between Shoei and Nanoco, following the binding term sheet being agreed between the parties as announced on March 19, 2026. The definitive agreement confirms that no compensation will be payable by either party, and both parties will be responsible for their own costs incurred. Nanoco covenants not to sue Shoei, its customers, and suppliers for use of Nanoco's Quantum Dot (QD) patents for the display field, for all existing and new patents registered over the next three years, and Shoei covenants not to sue Nanoco, its customers, and suppliers for use of Shoei's QD patents for the sensing field for all existing and new patents registered over the next three years. All other terms of the agreement are confidential. Announcement • Mar 21
Nanoco Group plc Announces Stay of Shoei Litigation Nanoco Group plc confirmed that it has submitted a joint motion with Shoei Chemical Inc. and Shoei Electronic Materials, Inc. (collectively, "Shoei") to stay the ongoing litigation between Shoei and Nanoco following a binding term sheet being agreed between the parties. The term sheet details that no compensation will be payable by either party, and both parties will be responsible for their own costs incurred. Pursuant to the term sheet, among other things, Nanoco covenants not to sue Shoei, its customers, and suppliers for use of Nanoco's Quantum Dot patents for the display field, and Shoei covenants not to sue Nanoco, its customers, and suppliers for use of Shoei's QD patents for the sensing field. The parties have agreed in good faith to negotiate an agreement reflecting the term sheet as well as other deal terms. All other terms of the term sheet are confidential. Announcement • Feb 23
Nanoco Group plc Announces Shoei Litigation Update Nanoco Group plc has moved to add Apple Inc. ("Apple") as a named co party in the existing litigation that Shoei Chemical Inc. and Shoei Electronic Materials Inc. (together, "Shoei")brought against Nanoco in the US District Court for the Eastern District of Virginia. The Board of Nanoco feel it is important to emphasise to investors that the move to add Apple as a co party does not increase the materiality or potential value of this claim. It is a step in the litigation that Shoei has brought against Nanoco, prompted by the positions Shoei has taken in the litigation. New Risk • Jan 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-UK£20m). Currently unprofitable and not forecast to become profitable next year (UK£2.3m net loss next year). Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (UK£12.3m market cap, or US$16.9m). Announcement • Dec 09
Nanoco Group plc, Annual General Meeting, Jan 13, 2026 Nanoco Group plc, Annual General Meeting, Jan 13, 2026. Location: the heath conference centre, the heath business and technical park, wa7 4qx, runcorn United Kingdom Reported Earnings • Nov 27
Full year 2025 earnings released: UK£0.011 loss per share (vs UK£0.004 loss in FY 2024) Full year 2025 results: UK£0.011 loss per share (further deteriorated from UK£0.004 loss in FY 2024). Revenue: UK£7.62m (down 3.3% from FY 2024). Net loss: UK£2.20m (loss widened 75% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Announcement • Nov 22
Nanoco Group plc Reaches A No-Fault Agreement with LG Electronics Inc Nanoco Group plc announce that a no-fault agreement has been reached by Nanoco and LG Electronics Inc. (collectively, the "Parties") that resolves the litigation between the Parties. The gross amount agreed to be paid by LG to Nanoco is $5m. Litigation costs incurred by Nanoco to date total $0.6m. Other terms and conditions are confidential. Announcement • Nov 13
Nanoco Group plc to Report Fiscal Year 2025 Results on Nov 18, 2025 Nanoco Group plc announced that they will report fiscal year 2025 results at 8:00 AM, GMT Standard Time on Nov 18, 2025 New Risk • Nov 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-UK£19m). Latest financial reports are more than 6 months old (reported January 2025 fiscal period end). Market cap is less than US$100m (UK£17.9m market cap, or US$23.6m). Announcement • Aug 19
Nanoco Group plc Announces Executive Changes Nanoco Group plc announced that Dr Nigel Pickett, founder and CTO of Nanoco Group, has confirmed his intention to retire from Nanoco. He contributed to Nanoco Group over the past 24 years. Nigel is stepping down from the Board August 19, 2025, and will remain as an employee with the business until February 2026. Nanoco is appointing an internal candidate, Dr. Ombretta Masala, as Nigel's successor as Director of Technology, reporting directly to the CEO. Ombretta has worked for Nanoco for 18 years, and has directly reported into Nigel for all that period. The Director of Technology position is not a Board position, and Dr Ombretta Masala will therefOmbretta Masala will therefore not be appoinOmbretta Masala will therefore not be appointed to the BoarOmbretta Masala will therefore not be appointed to the Board of NanocOmbretta Masala will therefore not be appointed to the Board of Nanoco Group plc. New Risk • Jun 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-UK£19m). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (UK£20.7m market cap, or US$27.9m). New Risk • May 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-UK£19m). Market cap is less than US$100m (UK£22.2m market cap, or US$29.5m). Reported Earnings • Apr 17
First half 2025 earnings released: UK£0.005 loss per share (vs UK£0.005 profit in 1H 2024) First half 2025 results: UK£0.005 loss per share (down from UK£0.005 profit in 1H 2024). Revenue: UK£3.45m (down 13% from 1H 2024). Net loss: UK£1.03m (down 159% from profit in 1H 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Announcement • Apr 15
Nanoco Group plc Provides Earnings Guidance for Second Half and Fiscal Year Ending 31 July 2025 Nanoco Group plc provided earnings guidance for second half and fiscal year ending 31 July 2025. For the second half, the company expected additional £311,000 revenue to be recognised in second half of Fiscal year 2025 following the completion of a settlement agreement with the European electronics customer.
For the year, the company expected as a result of completion of the settlement agreement with the European electronics customer in addition to some other small commercial wins, revenue for the year ended 31 July 2025 is now expected to be ahead of current market expectations. Announcement • Jan 21
Nanoco Group plc Announces Changes to Non-Executive Chairman Nanoco Group plc as previously announced, Jalal Bagherli has now been appointed Non-Executive Chairman of the company. Christopher Richards stepped down as Non-Executive Chairman at the end of the Annual General Meeting held on January 21, 2025. Announcement • Dec 10
Nanoco Group plc, Annual General Meeting, Jan 21, 2025 Nanoco Group plc, Annual General Meeting, Jan 21, 2025. Location: the heath conference centre, the heath business and technical park, wa7 4qx, runcorn United Kingdom Major Estimate Revision • Nov 27
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -UK£0.005 to -UK£0.006 per share. Revenue forecast of UK£6.70m unchanged since last update. Semiconductor industry in the United Kingdom expected to see average net income growth of 12% next year. Consensus price target of UK£0.30 unchanged from last update. Share price rose 19% to UK£0.14 over the past week. Reported Earnings • Nov 21
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: UK£0.004 loss per share (down from UK£0.034 profit in FY 2023). Revenue: UK£7.87m (up 40% from FY 2023). Net loss: UK£1.25m (down 111% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Nov 21
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -UK£17m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Negative equity (-UK£17m). Currently unprofitable and not forecast to become profitable next year (UK£1.2m net loss next year). Market cap is less than US$100m (UK£16.7m market cap, or US$21.1m). New Risk • Oct 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 168% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported January 2024 fiscal period end). Large one-off items impacting financial results. Market cap is less than US$100m (UK£18.5m market cap, or US$24.2m). Announcement • Aug 30
Nanoco Group plc Provides Revenue Guidance for the Year Ending 31 July 2025 Nanoco Group plc provided revenue guidance for the year ending 31 July 2025. As a result of the above, the Group expects revenues for the year ending 31 July 2025 to be approximately 25% below consensus forecasts. New Risk • Aug 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings are forecast to decline by an average of 79% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (UK£21.2m market cap, or US$27.5m). Major Estimate Revision • Jul 04
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from UK£8.53m to UK£8.37m. EPS estimate also fell from UK£0.005 per share to UK£0.0033 per share. Net income forecast to shrink 92% next year vs 12% decline forecast for Semiconductor industry in the United Kingdom. Consensus price target of UK£0.60 unchanged from last update. Share price fell 26% to UK£0.14 over the past week. Buy Or Sell Opportunity • Jun 19
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to UK£0.18. The fair value is estimated to be UK£0.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to decline by 78% in the next 2 years. Buy Or Sell Opportunity • May 31
Now 23% overvalued Over the last 90 days, the stock has fallen 7.8% to UK£0.18. The fair value is estimated to be UK£0.15, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to decline by 78% in the next 2 years. Buy Or Sell Opportunity • Apr 14
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to UK£0.23. The fair value is estimated to be UK£0.19, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to decline by 78% in the next 2 years. Reported Earnings • Mar 31
First half 2024 earnings released: EPS: UK£0.005 (vs UK£0.006 loss in 1H 2023) First half 2024 results: EPS: UK£0.005 (up from UK£0.006 loss in 1H 2023). Revenue: UK£3.96m (up 153% from 1H 2023). Net income: UK£1.76m (up UK£3.84m from 1H 2023). Profit margin: 45% (up from net loss in 1H 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 10
Nanoco Group plc to Report First Half, 2024 Results on Mar 27, 2024 Nanoco Group plc announced that they will report first half, 2024 results on Mar 27, 2024 Announcement • Dec 21
Nanoco Group plc Announces Directorate Appointments Nanoco Group plc announced the appointments of Dr. Jalal Bagherli and Mr. Dieter May as independent Non-Executive Directors (NEDs). Both appointments add significantly to relevant industry experience and networks that the Board can draw upon as the Company continues its transition from R&D first mover to an electronics materials production company. Dr. Jalal Bagherli brings broad experience of working with a number of the brands in the electronics industry. Jalal was recently appointed Co-Chair of the UK Semiconductor Advisory Panel, representing the views of the UK semiconductor industry. He was the CEO of Dialog Semiconductor plc ("Dialog") from 2005 until the successful sale of the company to Japan's Renasas in 2021. Under Jalal's leadership, Dialog became a world leader in mobile power management and connectivity products, selling to most of the major companies in the consumer electronics and mobile phone sector. His earlier career included roles as CEO of Alphamosaic and before that at Sony Semiconductor and Devices Europe as Vice President and Managing Director. Dieter Mayh as spent his senior executive career in transformational roles, driving profitable sales growth in high-tech industries and premium brands. Dieter was Chairman and CEO of Osram Opto Semiconductors GmbH, participating in electronics applications such as facial and iris recognition, health monitoring, vehicle navigation, and virtual and augmented reality as well as uLED displays. As CEO, Dieter developed relationships with leading companies throughout the sector. His earlier career spanned Senior Vice President positions in semiconductor technologies (Infineon), and connected devices and digital consumer services in both mobile consumer products (Nokia) and automotive (BMW). Dieter May will join the Board on 1 February 2024. Dr. Jalal Bagherli will join the board on 5 April 2024. Reported Earnings • Nov 19
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: UK£0.034 (up from UK£0.015 loss in FY 2022). Net income: UK£11.1m (up UK£15.8m from FY 2022). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 5.3%. Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Semiconductor industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Nov 14
Nanoco Group plc, Annual General Meeting, Dec 07, 2023 Nanoco Group plc, Annual General Meeting, Dec 07, 2023, at 11:00 Coordinated Universal Time. New Risk • Oct 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 99% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 99% per year for the foreseeable future. High level of non-cash earnings (543% accrual ratio). Minor Risk Market cap is less than US$100m (UK£53.6m market cap, or US$65.1m). Announcement • Oct 17
Nanoco Group plc to Report Fiscal Year 2023 Final Results on Oct 19, 2023 Nanoco Group plc announced that they will report fiscal year 2023 final results on Oct 19, 2023 New Risk • Oct 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported January 2023 fiscal period end). Revenue is less than US$5m (UK£2.9m revenue, or US$3.6m). Market cap is less than US$100m (UK£51.9m market cap, or US$63.1m). Announcement • Oct 10
Nanoco Group plc to Report Fiscal Year 2023 Results on Oct 17, 2023 Nanoco Group plc announced that they will report fiscal year 2023 results on Oct 17, 2023 Recent Insider Transactions Derivative • Aug 01
CEO & Executive Director exercised options and sold UK£88k worth of stock On the 28th of July, Brian Tenner exercised options to acquire 491k shares at no cost and sold these for an average price of UK£0.18 per share. This trade did not impact their existing holding. For the year to July 2019, Brian's total compensation was 50% salary and 50% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2022, Brian's direct individual holding has increased from 592.38k shares to 605.89k. Company insiders have collectively sold UK£148k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jul 18
Nanoco Group plc, Annual General Meeting, Aug 14, 2023 Nanoco Group plc, Annual General Meeting, Aug 14, 2023, at 10:00 Coordinated Universal Time. Agenda: To consider and approve Nanoco is at an exciting inflection point, with the litigation proceeds fully underpinning our transition from an R&D first mover to a leading producer of next-generation QD materials in the short term;the Board changes proposed by the Requisitionists would, in effect, represent a total change of control of Nanoco with no takeover premium being paid ;the Board changes proposed by the Requisitionists would result in the new Board gaining complete control of YOUR CASH - the net Samsung litigation proceeds of US$90m - having spent only a fraction of that to acquire control of the business; the Requisitionists proposals would be damaging and disruptive to Nanoco's future prospects and, if successful, will result in an exodus of key talent from the business including Dr Nigel Pickett, the Group's co-founder and Chief Technology Officer and Mr Hamoodi's unfounded allegations create a false narrative that misleads Nanoco shareholders. Announcement • Jun 19
Nanoco Group plc(LSE:NANO) dropped from FTSE All-Share Index (GBP) Nanoco Group plc(LSE:NANO) dropped from FTSE All-Share Index (GBP) Reported Earnings • Mar 29
First half 2023 earnings released: UK£0.006 loss per share (vs UK£0.007 loss in 1H 2022) First half 2023 results: UK£0.006 loss per share. Revenue: UK£1.56m (up 42% from 1H 2022). Net loss: UK£2.08m (flat on 1H 2022). Announcement • Jan 10
Nanoco Group plc Provides Litigation Settlement Update Nanoco Group plc provided a further update on its proposed settlement with Samsung. Nanoco announced on 6 January 2023 that a term sheet for a no fault settlement of the litigation had been agreed between Nanoco and Samsung (the "Parties"). The Parties have 30 days from that date to agree the full terms of a final settlement agreement and therefore jointly requested a stay to the trial that was scheduled to commence on 6 January. Following the announcement, the Judge in the case agreed to that joint motion for a 30 day stay just before midnight (GMT) on Friday 6 January. The settlement process requires further negotiations and continues to operate within the control of the US judicial system, and hence the outcome of the litigation, its settlement, and timing are not wholly within the control of the Parties. As a result of these factors, the value and terms of any final agreement are not yet certain. Details of the terms sheet and of any final agreement with Samsung are covered by a confidentiality agreement to protect the commercial interests of both Parties during the ongoing negotiations. In evaluating the settlement offer and concluding that it provides a fair outcome for the Company and its shareholders, the Board, having consulted with its advisers in the litigation, took into account the following considerations: The gross settlement value should be expected to be towards the lower end of the range of expectations for a successful jury trial outcome as previously guided by the Company. A settlement removes the risks of the litigation process, potential appeal processes of the trial and the ongoing appeal of the Patent Trial and Appeal Board decisions, further litigation costs, and the time value of money. Historical precedent shows that any final agreement is likely to be a one off payment, with no forward royalties, for the full and final settlement of all current and future patent litigation between the Parties in all jurisdictions (colloquially referred to as "patent peace"). The Company expects to issue a further update on the final agreement following the completion of the further negotiations between the Parties. Reported Earnings • Oct 22
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: UK£0.015 loss per share (further deteriorated from UK£0.014 loss in FY 2021). Revenue: UK£2.47m (up 18% from FY 2021). Net loss: UK£4.70m (loss widened 6.9% from FY 2021). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) missed analyst estimates by 4.1%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Chris Batterham was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 13
First half 2022 earnings released First half 2022 results: Revenue: (down 100% from 1H 2021). Net income: (up UK£2.27m from 1H 2021). Profit margin: (up from net loss in 1H 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Nov 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non Executive Director Chris Batterham was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 04
Full year 2021 earnings released: UK£0.014 loss per share (vs UK£0.018 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: UK£2.09m (down 46% from FY 2020). Net loss: UK£4.40m (loss narrowed 13% from FY 2020). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 02
First half 2021 earnings released: UK£0.007 loss per share (vs UK£0.007 loss in 1H 2020) The company reported a poor first half result with increased losses, weaker revenues and weaker control over costs. First half 2021 results: Revenue: UK£1.00m (down 65% from 1H 2020). Net loss: UK£2.27m (loss widened 20% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 15
New 90-day high: UK£0.22 The company is up 142% from a price of UK£0.091 on 15 December 2020. Outperformed the British market which is up 5.0% over the last 90 days. Exceeded the Semiconductor industry, which is up 14% over the same period. Reported Earnings • Oct 14
Full year earnings released Over the last 12 months the company has reported total losses of UK£5.07m, with losses widening by 16% from the prior year. Total revenue was UK£3.86m over the last 12 months, down 46% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 14
Annual earnings released: Revenue beats expectations Annual revenue exceeded analyst estimates by 1.5% at UK£3.86m. Revenue is expected to shrink by 92% over the next year, compared to a 14% growth forecast for the Semiconductor industry in the United Kingdom.