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Hardide reported wider losses as weaker oil and gas sales kept a lid on growth.
For the year ended 30 September 2019, pre-tax losses widened to £1.19m from £913K on-year and revenues were up 10% to £5.1m.
Sales to oil and gas sector were down 9% as the phasing of demand from two customers weighed on performance.
Gross margin fell to 48% from 52% as a result of a weaker first half gross margin from an adverse product mix, the company said.
'The start to the new financial year has been strong and the board is confident of continued revenue growth and business diversification in the coming year,' Hardide said. 'The board expects gross profit margins to remain at levels comparable to the second half of fiscal 2019.'