CPX UPDATES17 Oct 2018 13:30
· Sales revenue of A$4.9 million (2017: A$4.1 million), EBITDA loss of A$1.6 million* (2017: A$1.2 million)
· Operational expenditure includes non-cash share-based payment provision expense of A$920K (2017: A$283K) due to the granting of Employee Share Options
· Royalty revenue of A$0.85 million (2016: A$0.66 million) up 29%
· Company announced the development of the industry's first 3 Volt prismatic supercapacitor, with commercial production on track for mid calendar year 2019
· Prismatic sales volumes up 31% on a year-on-year basis. Cylindrical cell supercapacitor revenue is increasing, with first quarter sales in FY19 exceeding the result for the FY18 full year
· Strong sales pipeline consistent with trading update announced in June 2018
· Cash reserves at year-end of A$1.9 million (2017: A$3.9 million)
· New non-exclusive license agreement with TDK Corporation of Japan for a family of CAP-XX patents signed post period end. The royalty paid by TDK will be in line with royalty rates paid by Murata and AVX
· Additional licensing deals remain under discussion and the Board anticipates some of these to successfully close before the end of the current financial year