Afc Energy

OverviewSuggest Edit

AFC Energy was incorporated in January 2006 to purchase certain intellectual property and assets relating to alkaline fuel cell technology from Eneco Limited. AFC Energy raised £2.4 million to fund its initial working capital requirements and, in April 2007, completed its IPO and admission to AIM, raising c. £3 million from ordinary shares.

AFC Energy is now the world’s leading developer of low-cost alkaline fuel cell technology. Focused on large-scale industrial applications, the technology is fully scalable to provide clean electricity on-demand. The fuel cell has the potential to be the catalyst, which transforms the way in which industries of today produce energy for tomorrow.

TypePublic
Founded2006
HQCranleigh, GBMap
Websiteafcenergy.com
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Employees (est.) (Apr 2017)44
Revenue (FY, 2018)£387 (-99%)
Share Price (Jan 2021)£0.8 (-4%)
Cybersecurity ratingAMore

Key People/Management at Afc Energy

John Rennocks

John Rennocks

Chairman and Non-Executive Director
Adam Bond

Adam Bond

Chief Executive Officer
Joe Mangion

Joe Mangion

Non-Executive Director
Jim Gibson

Jim Gibson

Chief Operating Officer
Gerry Agnew

Gerry Agnew

Non-Executive Director
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Afc Energy Office Locations

Afc Energy has an office in Cranleigh
Cranleigh, GB (HQ)
Dunsfold Aerodrome, Stovolds Hill
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Afc Energy Financials and Metrics

Afc Energy Revenue

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Afc Energy's revenue was reported to be £387 in FY, 2018 which is a 99.8% decrease from the previous period.
GBP

Revenue (FY, 2018)

387.0

Revenue growth (FY, 2017 - FY, 2018), %

(99.8%)

Gross profit (FY, 2018)

(28.6k)

Gross profit margin (FY, 2018), %

(7390.4%)

Net income (FY, 2018)

(4.3m)

EBITDA (FY, 2018)

(4.7m)

EBIT (FY, 2018)

(5.0m)

Market capitalization (15-Jan-2021)

525.4m

Closing stock price (15-Jan-2021)

0.8

Cash (31-Oct-2018)

2.8m
Afc Energy's current market capitalization is £525.4 m.
GBPFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

357.4k759.4k782.2k2.3m967.6k230.6k387.0

Revenue growth, %

908%113%3%189%(57%)(76%)(100%)

Cost of goods sold

27.5k542.9k1.0m4.8m1.9m397.1k29.0k

Gross profit

329.9k216.5k(247.2k)(2.6m)(916.0k)(166.5k)(28.6k)
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GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

396.2k2.1m3.6m1.9m5.3m6.0m10.9m7.0m4.9m1.8m3.0m6.8m2.8m

Accounts Receivable

20.3k4.6k391.0419.2k2.5m

Inventories

123.7k123.7k123.7k96.2k127.0k174.5k157.0k219.4k150.9k163.0k163.7k

Current Assets

511.0k2.6m4.3m2.3m6.0m6.8m11.7m8.9m9.3m6.8m5.8m8.5m4.5m
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GBPFY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(542.5k)(1.7m)(2.7m)(2.1m)(2.8m)(4.0m)(3.8m)(4.1m)(5.4m)(4.8m)(5.7m)(4.9m)(4.3m)

Cash From Operating Activities

539.3k1.4m(2.5m)(1.5m)(2.0m)(2.7m)(2.9m)(3.8m)(5.9m)(6.5m)(3.5m)(3.7m)(4.0m)

Cash From Financing Activities

1.4m3.6m4.3m6.1m3.9m8.3m350.8k4.0m3.5m4.7m7.7m12.5k

Net Change in Cash

396.2k1.7m1.5m(1.7m)3.5m622.7k5.0m(4.0m)(2.1m)(3.1m)1.2m3.8m(4.1m)
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GBPFY, 2006

Financial Leverage

1.1 x
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Afc Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

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Afc Energy Online and Social Media Presence

Afc Energy's Trends

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Afc Energy Blogs

December 16, 2020

Interview: AFC Energy deal with ABB offers more access to $140bln EV market

Our CEO, Adam Bond, spoke to Proactive Investors about AFC Energy’s partnership with ABB.   The post Interview: AFC Energy deal with ABB offers more access to $140bln EV market appeared first on AFC Energy.
December 16, 2020

AFC Energy and ABB Partner to Power-Up the Future of Clean EV Charging

UK hydrogen power specialist to work with world leader in electrification technologies to bring hydrogen powered EV charging to a global market UNITED KINGDOM, 16th December; AFC Energy (AIM: AFC), a leading provider of hydrogen power generation technologies, today announces a strategic partnership …
December 16, 2020

ABB Strategic Partnership Underscores Conviction in Powering the Global EV Charging Market

  Today, we are pleased to be launching a new strategic partnership with one of the world’s powerhouses in electrification and transportation, ABB. As a leading supplier of DC electric vehicle chargers, ABB has charging systems deployed in over 80 countries with customer channels spanning... The pos…
October 27, 2020

Extreme E 2021 Global Season Launch Highlights “Amazing” Hydrogen Fuel Cell EV Charging Technology with Strong Support from Lewis Hamilton

AFC Energy, a leading provider of hydrogen power generation technologies, is pleased to welcome Extreme E’s 2021 Season Global Launch for the inaugural all-electric SUV rally championship in a live global webcast. AFC Energy is working with Extreme E and all of its announced racing... The post Extre…
October 28, 2019

De Nora: Hydrogen unavoidable to enable the energy transition

The post De Nora: Hydrogen unavoidable to enable the energy transition appeared first on AFC Energy.

 Afc Energy Frequently Asked Questions

  • When was Afc Energy founded?

    Afc Energy was founded in 2006.

  • Who are Afc Energy key executives?

    Afc Energy's key executives are John Rennocks, Adam Bond and Joe Mangion.

  • How many employees does Afc Energy have?

    Afc Energy has 44 employees.

  • What is Afc Energy revenue?

    Latest Afc Energy annual revenue is £387 .

  • What is Afc Energy revenue per employee?

    Latest Afc Energy revenue per employee is £9 .

  • Who are Afc Energy competitors?

    Competitors of Afc Energy include H2SYS, HYON and IRD Fuel Cells.

  • Where is Afc Energy headquarters?

    Afc Energy headquarters is located at Dunsfold Aerodrome, Stovolds Hill, Cranleigh.

  • Where are Afc Energy offices?

    Afc Energy has an office in Cranleigh.

  • How many offices does Afc Energy have?

    Afc Energy has 1 office.