Manchester University spin-out has been seeing its revenue fall this year.
Nanoco, a nanotechnology spin-out of Manchester University, is fighting a falling revenue and rising losses. While its revenue for the financial year ending July 2014 were £1.43m ($2.27m), down from £3.93m, pre-tax loss rose from £5m to £9m.
Nanoco, which listed on London Stock Exchange’s Aim in 2009, currently has a market value of £265m but its stock has been fluctuating wildly since July. It crashed to £0.86 a share, then recovered to shoot up to a £1.50 a share…
