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Pin to quick picksXeros Tech Share News (XSG)

Share Price Information for Xeros Tech (XSG)

London Stock Exchange
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Share Price: 1.50
Bid: 1.45
Ask: 1.55
Change: 0.00 (0.00%)
Spread: 0.10 (6.897%)
Open: 1.50
High: 1.50
Low: 1.50
Prev. Close: 1.50
XSG Live PriceLast checked at -

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AIM WINNERS & LOSERS: Xeros shares double on "transformational" deal

Tue, 14th Jun 2022 10:44

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday.

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AIM - WINNERS

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Xeros Technology Group PLC, shares double to 66.40 pence from previous close of 32.5p, 12-month range 32.00p-248.00p. The environmental technology firm signs 10-year, non-exclusive agreement licensing agreement for its XFilter filtration technology with Hanning Elektro-Werke Gmbh & Co KG. Says Hanning is a world leading manufacturer of components for the appliance industry and deal is "transformational" for Xeros. "It has the potential to deliver significant revenues from late 2023 onwards," the firm says. Separately, Xeros reports positive results from independent testing of XFilter. Results show performance levels of over 99% capture rate.

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Frontier Developments PLC, up 21% at 1,306.00p, 12-month range 1,066.00p-2,900.00p. Reports record revenue of GBP114 million for financial year ended May 31, up 26% on the year before, with adjusted Ebitda in line with expectations at around GBP7 million to GBP8 million - down from GBP12 million the year before. Says new financial year starts in excellent shape and adds: "The board is comfortable with current analyst expectations for FY23 based on the expected performance of our existing games and the anticipated success with our planned new releases."

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Revolution Bars Group PLC, up 11% at 16.81p, 12-month range 14.50p-27.80p. The bar operator is confident of delivering adjusting Ebitda after rental charges slightly ahead of the top end of market forecasts, which currently stands at GBP10.0 million, despite inflationary headwinds.

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AIM - LOSERS

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Condor Gold PLC, down 12% at 26.99p, 12-month range 26.80p-49.00p. The mine developer in Nicaragua raises GBP3.3 million via private placement. Places 11.6 million units - comprising one share and one-half of a share purchase warrant - at price of 28p each.

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By Lucy Heming; lucyheming@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Xeros surges on licensing deal with German components maker

(Sharecast News) - Laundry technology developer Xeros announced the signing of a licensing agreement for its 'XFilter' filtration technology with Hanning Elektro-Werke.

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14 Jun 2022 11:01

Xeros Technology shares double on 10-year XFilter licensing deal

(Alliance News) - Xeros Technology Group PLC shares more than doubled on Tuesday after the firm's washing machine filtration technology was accredited and then signed a licensing agreement.

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Xeros progressing towards delayed India consumer launch

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Xeros warns on profitability amid fresh China lockdowns

(Sharecast News) - Clothing and fabric proprietary technology developer Xeros updated the market on its commercialisation strategy on Thursday, noting that since its last update in January, India had exited its third Covid-19 wave and was operating "near normal".

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IN BRIEF: Xeros falls as profit goal delayed; admits need for funding

Xeros Technology Group PLC- Rotherham, England-based developer and licensor of platform technologies - No longer expects to reach month-on-month earnings before interest, tax, depreciation and amortisation profitability and breakeven in the first quarter of 2023. Xeros now expects to reach profitability and breakeven in 2024. This, it explains, is as a result of China increasing major lockdowns and India's slow return to normal operations after its third Covid wave.

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AIM WINNERS & LOSERS: Xeros warns on profit goal and funding need

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