Nanofilm Technologies International’s share price plunged by as much as a third at the start of trading this morning, following a weaker than expected earnings reported for its 1HFY2021, that missed analysts’ expectations “by a mile”.

For the six months ended June 30, the company, one of the hottest IPOs last year, recorded earnings of $18 million, down 3.1% y-o-y, and is barely a fifth of consensus full year forecast of $85 million.

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