The Final Results to end-April recently announced by the £410m-capitalised ITM Power (LON:ITM), showed a strong performance and pointed to ongoing growth – but, as yet, the group’s shares have hardly flickered with investor interest, however that could soon change.
The group reported a 50% hike in revenues to £26.0m (£16.5m), but with an increased adjusted EBITDA loss of £33.0m (£30.4m), while its end-year cash balance was better than expected at £207m (£230.3m), against a ‘guided figure’ in the range of £160m to £175m.
The contracted firm year-end order backlog was a record at £14...
