Cap-XX Ltd - New South Wales, Australia-headquartered manufacturer of ultra-thin prismatic and cylindrical supercapacitors - Pretax loss in the financial year that ended June 30 narrows to AUD3.5 million, about USD2.5 million, from AUD4.9 million the year before. Revenue improves 14% to AUD4.1 million from AUD3.6 million. General & administrative expenses drops to AUD2.4 million from AUD2.8 million. Says new financial year starts well, with trading in line with market expectations.
Chief Executive Anthony Kongats says: "We are pleased to be able to report a year of successful transition, during which we have significantly expanded production at our relocated headquarters in Sydney, while increasing revenues.
"The major focus for CAP-XX remains to become profitable and cashflow positive as soon as possible, by leveraging the recently installed Murata production equipment to raise product sales. We look forward to the future with increasing confidence."
Current stock price: 6.01 pence
Year-to-date change: down 55%
By Paul McGowan; paulmcgowan@alliancenews.com
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Cap-xx (CPX)