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Pin to quick picksXeros Tech Share News (XSG)

Share Price Information for Xeros Tech (XSG)

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Share Price: 1.325
Bid: 1.30
Ask: 1.35
Change: 0.00 (0.00%)
Spread: 0.05 (3.846%)
Open: 1.325
High: 1.325
Low: 1.325
Prev. Close: 1.325
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Xeros expects to raise more funds despite reduced losses

Tue, 30th Apr 2019 11:23

(Sharecast News) - Xeros Technology said it expected to raise more funds from shareholders in 2019 even as the water-reduction tech company reported a reduced annual loss. The company's adjusted loss for the year to the end of December fell 27% to £20.9m as revenue rose 62% to £3.5m. Xeros's pre-tax loss meanwhile narrowed to £30.4m from £31.9m.Xeros said it was burning through cash at a reduced rate but that it was likely to raise more equity this year to strengthen its balance sheet.The company's shares, which had risen 40% thus far in April, fell 14% to 8.33p at 11:48 BST.Xeros develops products to reduce water consumption and increase efficiency in water-consuming industries spanning textiles, cleaning and tanning. It also licenses products for use by companies in those industries.Mark Nichols, Xeros's chief executive, said: "Having completed the lion's share of our development our disruptive water saving technologies are now firmly on a path to commercialisation under an intellectual property-rich and asset light business model in global scale industries."We see the demand for our technology increasing as environmental and societal pressures continue to put intense strain on finite water resources - both in terms of pricing and consumption."
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21 Sep 2018 15:35

Xeros Technology signs 10-year deal with Le Farc

(Sharecast News) - Water saving technologies developer Xeros Technology Group has signed a 10-year contract with Le Farc, to convert its re-tanning operations in León, Mexico to use Xeros' patented polymer technology, it announced on Friday.

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21 Sep 2018 10:35

WINNERS & LOSERS SUMMARY: Miners Up On Rising Commodity Prices

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - up 3.3%; Anglo American, up up

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21 Sep 2018 09:08

Xeros Technology Shares Jump As Signs Ten-Year Contract In Mexico

LONDON (Alliance News) - Xeros Technology Group PLC on Friday said it signed a ten-year contract with Le Farc SA de CV to use Xeros's patented polymer technology in leather production in Leon,

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19 Sep 2018 13:37

Xeros Technology Non-Executive Director Stephen Taylor Resigns

LONDON (Alliance News) - Xeros Technology Group PLC, which develops technology to reduce water consumption in industrial applications, said Wednesday that Non-Executive Director Stephen Taylor is

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13 Sep 2018 10:59

Xeros On Track For Commercialisation Milestones As Interim Loss Falls

LONDON (Alliance News) - Xeros Technology Group PLC said Thursday its loss for the first half of the financial year narrowed as it increased revenue and cut costs.For the six months to June

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6 Sep 2018 16:01

UK Earnings, Trading Statements Calendar - Next 7 Days

Friday 7 September Secure Income REITHalf Year Results Ashmore GroupFull Year Year

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4 Sep 2018 12:26

Xeros Supplies Near Waterless Washing Machines To UAE Customer

LONDON (Alliance News) - Xeros Technology Group PLC said on Tuesday that it will supply 32 near-waterless commercial washing machines to Encom Trading LLC, a subsidiary of United Arab services be

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1 Aug 2018 10:00

Xeros ships 'waterless washing machines' to drought-stricken South Africa

(Sharecast News) - British technology business Xeros has sent a shipment of its near-waterless washing machines to the drought-ravaged Cape Province region of South Africa, which it said would be the first of many.

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16 May 2018 16:29

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 17 MayJust GroupHill & Smith HoldingsLidco GroupFevertree Midland &

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27 Apr 2018 10:32

Xeros Technology Non-Executive Viggars To Resign Amid Promotion

LONDON (Alliance News) - Xeros Technology Group PLC, a garment cleaning technology developer, said Friday that Non-Executive Director Julian Viggars will resign from the company in May following -

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19 Apr 2018 13:57

Xeros Tech 2017 Loss Widens On Higher Input Costs And Exchange Rate

LONDON (Alliance News) - Xeros Technology Group PLC on Thursday said its loss widened in 2017, as it faced unfavourable currency exchange rates leading to higher prices in machine spare company a

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22 Mar 2018 10:51

Xeros Technology Shares Jump After USD1 Million US-Based Gloves Buy

LONDON (Alliance News) - Xeros Technology Group PLC jumped over 10% Thursday as it acquired US-based firefighter personal protection equipment services firm Gloves Inc for up

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14 Feb 2017 08:45

Xeros Tech launches polymer cleaning solution for firefighters' equipment

(ShareCast News) - Xeros Technology Group, a developer of patented polymer based systems, launched a polymer cleaning solution for firefighters' personal protection equipment on Tuesday. The US-approved personal protection equipment solution is part of Xeros' existing Sbeadycare service and is avail

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19 Jan 2017 16:36

Xeros expands market and washing machine installations

(ShareCast News) - Developer and provider of patented polymer based systems, Xeros Technology Group provided a strategic and trading update on Thursday, before it publishes its results for 17 months ending 31 December during April. The AIM-traded firm said that during 2016, it secured "widespread re

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16 May 2016 07:47

Xeros Technology Helps Reduce Water Use In Leather Processing Sector

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