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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 warns on profit goal and funding need

Thu, 31st Mar 2022 10:21

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

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AIM - WINNERS

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Chariot Ltd, up 13% at 15.82 pence, 12-month range 0.050p-16.69p. Net gas pay estimates for the Anchois-2 well in Morocco have been raised to 150 metres from 100 metres previously, following "further interpretation of the well data". The stock hits a 52-week high on Thursday.

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Time Out Group PLC, up 7.2% at 52.00 pence, 12-month range 38.00p-63.60p. The London-based magazine publisher and food markets operator says revenue in the six months to December 31 more than doubles annually to GBP32.0 million from GBP13.3 million. Pretax loss narrows year-on-year to GBP10.5 million from GBP16.7 million. "We are encouraged by the progress made in the period, albeit in the face of the emergence of the Omicron variant. Our digital audience grew as our content remained relevant and engaging, footfall began returning to the markets and global brands advertised with us once again," Chief Executive Chris Ohlund says.

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AIM - LOSERS

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Xeros Technology Group PLC, down 33% at 58.90p, 12-month range 50.30p-288.00p. Shares in the developer of laundry technology that reduces water use hit a 52-week low on Thursday. It now expects to reach month-on-month profit at an earnings before interest, tax, depreciation and amortisation level in 2024, and not the previously targetted first quarter of 2023. "India has come out of its 3rd wave and is operating near normal but China has been experiencing a significant increase in major lockdowns," Xeros says. In addition, it says it is "evaluating several funding options" to support additional investment. The current cash balance of GBP6.2 million is sufficient only to fund the "delivery of major growth milestones through the remainder of 2022 and into the first quarter of 2023".

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By Eric Cunha; ericcunha@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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Xeros Technology lands exclusive Indian licensing deal

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LONDON (Alliance News) - Xeros Technology Group PLC said on Tuesday that Chair John Samuel has resigned from his role with immediate effect.Samuel will be replaced by Non Executive Director

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23 Jan 2019 09:37

Xeros inks development agreement with Chinese OEM

(Sharecast News) - Water saving technology outfit Xeros has inked a joint-development agreement with a Chinese domestic washing machine original equipment manufacturer.

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12 Dec 2018 13:44

Xeros Technology Completes Transfer Hydrofinity Servicing In US

LONDON (Alliance News) - Xeros Technology Group PLC said Wednesday it completed the transfer of the servicing of its commercial laundry customers across the whole of the US after signing a series

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12 Dec 2018 12:48

Xeros Technology transfers US service offering to distributors

(Sharecast News) - Xeros Technology on Wednesday completed the transfer of servicing of its US commercial laundry customers through the signing of a series of regional agreements with full-service distributors.

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LONDON (Alliance News) - Shares in Xeros Technology Group PLC plummeted on Tuesday as the company said it plans to raise GBP20.0 million in a heavily discounted placing and open offer of shares at

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