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LONDON (Alliance News) - Shares in super-capacitor firm CAP-XX Ltd rose on Wednesday as the company said it has received a "sharp" rise in interest across all product ranges.
Shares were 8.8% higher on Wednesday at a price of 9.36 pence each.
If these enquiries convert to orders, CAP-XX said, this will lead to annualised sales of over USD20 million a year covering over 70 different projects.
It expects revenue for the second half of its financial year, ending June 30, to be around AUD3.4 million, more than double the AUD1.5 million recorded a year prior.
As a result, CAP-XX expects a second half loss before interest, tax, depreciation, and amortisation of approximately AUD120,000, well narrowed from AUD1.5 million EBITDA loss recorded in its first half.
Overall, for its full financial year, CAP-XX expects revenue of at least AUD4.9 million and an EBITDA loss of AUD1.6 million, compared to AUD4.1 million and AUD1.2 million, respectively.
