Applied Graphene Materials posts a $2 million loss in H2 2013

Applied Graphene Materials posted its first financial results since the company went public in November 2013. In the 2nd half of 2013, the company’s pre-tax loss was £1.2 million ($2 million USD), up from £398,887 in the 2nd half of 2012.

AGM says that they have made good progress since November, and are now putting in place the building blocks to help them realize the potential of the business. Since the IPO the company generated more customer collaborations and hired some new key employees.