A bit of news!27 Sep 2023 11:23
Xeros Technology Group PLC, up 6.4% at 2.71 pence, 12-month range 2.30-24.53p. The creator of technologies that reduce the impact of clothing on the planet narrows its interim loss and more than doubles its revenue. Pretax loss reduces to GBP2.7 million from GBP4.2 million the year prior. Revenue jumps to GBP113,000 from GBP40,000. Loss narrows as the company's administrative expenses drop to GBP2.8 million from GBP4.2 million. "Increasing climate awareness and conducive legislation is creating a groundswell of opportunity for Xeros' technologies. During the period, the Group has signed three significant licensing agreements taking our total to eight across all technology platforms, as well as widening its product portfolio within filtration," says Chief Executive Neil Austin.