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ITM Power PLC - Sheffield, England-based designer and manufacturer of electrolyser systems for green hydrogen production - Pretax loss widens to £28.8 million in the six months to October 31 from £15.3 million a year earlier. Revenue climbs 74% to £15.5 million from £8.9 million but cost of sales increases to £25.7 million from £17.0 million. Hurting the bottom line, administration expenses nearly double to £23.9 million from £12.8 million. Highlights record contract backlog to date of £135.3 million, up from £43.7 million two years ago. Reiterates full-year guidance. Sees revenue of £18 million to £22 million, adjusted loss before interest, taxes, depreciation and amortisation of £32 million to £36 million. Expects cash between £185 million and £195 million, improved from previously improved guidance of £170 million to £180 million.
Current stock price: 37.89 pence, up 8.1% in London on Thursday
12-month change: down 21%
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