ANO) share price tumbles lower on interim results.

Advance Nanotek Ltd (ASX: ANO) shares tumbled lower today following the dispersion manufacturing company releasing its interim financial report for the half-year ended 31 December 2020. By the market’s close, the Advance Nanotek share price had fallen 12.37% to $3.40.

In short, the results were a significant downgrade from the prior year. Let’s take a look at how the numbers stacked up and management comments regarding the slip in performance.

What drove the Advance Nanotek share price lower?

The Advance Nanotek share price was heavily weighed down today after the release of the company’s results. Advance Nanotek reported that its revenue for the half-year ended fell 69.63% to $3.433 million. This result also flowed down to…