Member Info for mickey1122

It’s gone all green and I’m missing a load of negativity

Thanks for dropping in again TechieMan good to have posters who no a good thing or to about Capxx

They would have not got the funding if they couldn’t prove themselves as a going concern. Predators will be circling with the IP we’ve got imo

Good to have you on board for the Rerate techie man

Villa fans a nasty lot

If you believe the shares are going to zero Rog what keeps u here ?

On the cards imo

He’s not going to spoil this ride of a lifetime

Action is here

Uber positive LEV

Good point Bridge . In similar cases like CPX they tend to release some further positive news ( back in Biz, £30m ip etc ) to allow stability , this has a good while to continue going up to around .30 imo

Actions taken by the Board

The Board has taken a number of actions to seek to address the Company's financial position:

· Legal cost exposure - the Company announced on 21 March 2024 that it had reached an agreement with Maxwell/Tesla to settle all outstanding matters related to the historic litigation by way of a series of payments that the Board considers are not material amounts in the context of CAP-XX;

· Revenue and cash receipts - these are now recovering, reflecting normal seasonal patterns; and

· CAP-XX's operating costs have been significantly reduced, further details of which are set out below.

Get it !

“I don't hold but a friend of mine who works in the industry, his words, the IP alone is worth well over £30m hence Maxwell/Tesla have been all over it for a long time.”

Enjoy the ride

Sales pipeline

CAP-XX's total net sales pipeline currently stands at approximately US$9.2 million. This pipeline has been calculated by reviewing each project the Company is currently pursuing to arrive at a total gross sales pipeline and applying a probability of success from initial enquiry (0%) through to mass production (100%) in relation to each project. The average probability of success for the entire gross sales pipeline is approximately 32 per cent. though there can be no guarantee that this level will occur. The Board believes this analysis is more reflective of possible order intake in a one to three-year timeframe. This potential sales pipeline does not include any volume potential associated with the new products highlighted above, albeit there are a number of customers that are evaluating samples in relation to these. The trend in the sales pipeline leads to the Board being optimistic for the potential future growth in product revenues.

All to play for as company saved

CAP-XX Limited

("CAP-XX" or the "Company")

Interim Results for the half-year ended 31 December 2023

CAP-XX Limited, a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems, announces its interim results for the half-year ended 31 December 2023.

Key highlights

· Total revenue of approximately A$2.3m, an increase of 40% versus the comparative period (H1FY2023: A$1.6m)

· No license revenue recorded for the period (H1FY2023 : A$187K) but product sales increased by 59% versus the comparative period to A$2.3m (H1FY2023: A$1.4m), reflecting the greater focus by the Company on those revenues

· Average product gross margin increased to 35.7% (H1FY2023: 28.8%)

· Sales order book at 31 December 2023 was 33% higher than at 1 January 2023

· Continuing to add new distributors to broaden sales channels

· Adjusted EBITDA* loss of A$1,077k (H1FY2023: Adjusted EBITDA* loss of A$966k)

· On 15 December 2023, certain CAP-XX patents were deemed invalid by the United States District Court for the District of Delaware. CAP-XX has since lodged a motion to appeal the decision

· Cash reserves as at 31 December 2023 were A$0.3m with no debt. In addition, the Company has an unused line of credit of approximately A$1.5m.

* Adjusted EBITDA excludes patent infringement costs

CAP-XX Chairman, Pat Elliott and CEO, Lars Stegmann said:

"Our half-year results reflect resilience in the face of industry challenges in the passive electronic market, achieving +59% growth on product revenue versus H1FY23. Key strategic initiatives, including a new salesforce as well as new distributor integration and market-focused approaches, position us for sustained success. This is underlined by a 33% growth in our sales bookings. The book-to-bill ratio remains above one and our progressive pipeline remains strong.

"Excitingly, partnerships with Ionic Industries and international universities for graphene technologies are underway, enhancing our innovation roadmap.

"The legal costs and unexpected expenses in relation to the departure of the former CEO and investment in new product developments have result in our adjusted EBITDA remaining negative and the Company's cash position being tight. However, the Board is managing the Company's cashflows carefully."

Electronic copies of CAP-XX's interim results for the half-year ended 31 December 2023 will shortly be available from the Company's website: www.cap-xx.com.

Actions taken by the Board

The Board has taken a number of actions to seek to address the Company's financial position:

· Legal cost exposure - the Company announced on 21 March 2024 that it had reached an agreement with Maxwell/Tesla to settle all outstanding matters related to the historic litigation by way of a series of payments that the Board considers are not material amounts in the context of CAP-XX;

· Revenue and cash receipts - these are now recovering, reflecting normal seasonal patterns; and

· CAP-XX's operating costs have been significantly reduced, further details of which are set out below.

First hour crazy then the market will settle

Https://ukinvestormagazine.co.uk/aim-movers-dr-graham-cooley-increases-cap-xx-stake-and-focusrite-demand-slumps/