Italy-based Directa Plus announced its financial results for the first half of 2016. Revenues reached €440,000 (up from €270,000 in 1H2016) and a net loss of €2.3 million (up from €1.3 million in 1H 2015). The company had €13.1 million in cash and equivalents as of the end of July 2016.
Directa Plus also reported some interesting new business activities and milestones. The company now has over 10 active customers (up from only three in July 2015), and it delivered 1.8 tonnes of graphene materials. Directa Plus also signed a two-year joint development agreement with a global luxury accessories producer in order to develop an entire generation of graphene-enhanced spectacles.