A refocused business delivers
Having survived a near death experience several years ago, a manufacturer of specialist industrial equipment covered here has reported fabulous results bringing another upgrade from its broker. It’s amazing what greater focus brings!
Invinity Energy: growing interest, but…. Interim results from Invinity Energy Systems (AIM: IES), a manufacturer of utility-grade energy storage, suggest significant progress is being made, but it’s yet another early-stage company struggling to attract much interest in the current environment. Our earlier commentary here: Energy storage: the next big growth areahighlighted the appeal of the sector. For the six months ending 30 June 2022 revenue rose materially to £1.4m (H1 2021: £0.015m) due almost entirely to the successful delivery of a contract for the European Marine Energy Centre. The cost of sales charged against the revenue was £3.7m (2021: £0.8m)…