Nanofilm Technologies (SGX: MZH) is having a tough time this year. The nanotechnology specialist just released a profit guidance last month warning of a net loss for its fiscal 2023’s first half (1H 2023) results. The group’s share price has also slid 26.1% year-to-date to close at a 52-week low of S$1.02 and is also more than 60% down from its IPO price of S$2.59 back in late 2020. Nanofilm recently released its 1H 2023 earnings and although the financial numbers did not look pretty, the group expressed optimism for its long-term prospects. Here are five highlights from the growth company’s latest results that investors should take note of.

1. A net loss with negative free cash flow

The weak demand across Nanofilm’s end consumer markets has taken a toll on the group’s financials. For 1H 2023, revenue fell 34.4% year on year to S$73.2 million with year-on-year revenue declines reported across all three of its core divisions....