Applied Graphene Materials logoA few weeks ago Applied Graphene Materials announced that its performance in the 2015 financial year (which ended on July 31) was slightly ahead of company expectations.

AGM now reported their final results - revenues were 41,000 GBP (up from 4,000 pounds) and the pretax loss was £4 million ($6.11 million USD) - up from a loss of £2.7 million in fiscal 2014. The company says that they significantly broadened its pipeline of identified collaboration opportunities, and provided over 120 evaluation samples to customers in more than 20 countries.

AGM recently reported positive preliminary findings following independent performance testing on graphene-enhanced base oils produced by BfB Oil Research in Belgium. AGM also reported promising initial testing results on graphene-reinforced polyurethane coatings.