Carmarthenshire-based Haydale Graphene Industries has reported an increase in total group income to £1.48 million for the year to 30 June, up from £129,000 in 2014.
During the year, the business was boosted by the acquisition of EPL Composite Solutions, which it has
re-named Haydale Composite Solutions.
The company, which has its headquarters in Ammanford, also founded centres of excellence in New York and Seoul.
Along with its results, the company has announced plans to raise around £5.5 million through the issue of 3.5 million new shares.
The money will be used to expand its composites and ink operations and to serve more international customers.