Hardide (HDD)

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Hardide HDD Logo

The developer and provider of advanced surface coating technology.

11-Dec-2017 – 1.85p – £30.3m – PER n/a

Preliminary Results For The 12 Months To End September 2017 – Record sales (up 51%) of £3.24m (2016: £2.14m) with sales in H2 2017 14% ahead of H1 2017. Loss before interest, tax, depreciation and amortisation reduced to £0.74m (2016: loss of £1.30m before exceptional items). There’s Cash of £1.21m (2016:  £1.97m).

Never made a profit but seems to be heading in the right direction. However even with a forecast 25% rise in Revenue (to £4.0m) next year, it’s still forecast to make a loss. I’m just not interested yet.

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