RE: Overdone19 Dec 2023 10:32
London South East
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Share Price Information for Cap-xx (CPX)
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Share Price:
0.775
Bid:
0.75
Ask:
0.80
Change:
0.05 (6.90%)
Spread: 0.05 (6.667%)Open: 0.725High: 0.775Low: 0.75Prev. Close: 0.725
CPX Live PriceLast checked at -
AGM Trading Update
3 Nov 2023 07:05
RNS Number : 2716S
CAP-XX Limited
03 November 2023
Dissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
3 November 2023
CAP-XX Limited
("CAP-XX" or "the Company")
AGM Trading Update
CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, announces that at the Company's Annual General Meeting to be held later today, the following statement will be made in relation to the Company's activities.
Current Sales
Preliminary October 2023 product revenue was US$0.4m (approximately AUD$0.6m) and for the four months to the end of October 2023 was US$0.9m (AUD$1.5m). This compares with product revenues of US$0.7m (AUD$1.1m) in the previous corresponding four month period of last year, a year on year increase of approximately 35%.
October is typically one of the highest revenue months for the financial year and this revenue result is an early indicator that the overstocking and supply chain issues that were evident during FY2023 are showing signs of recovery.
Order Intake
CAP-XX's sales priorities remain focused on prismatic Electric Double Layer Capacitor (EDLC) and cylindrical 'can' business, followed by customer module solutions.
The Company is seeing an increase in activity and interest in CAP-XX's products from the USA, Europe, India as well as South Africa and this is evidenced by a marked increase in the request for samples across the product range, especially in Europe and the USA. Activities in Asia remain subdued due to the economic situation post COVID.
The current order backlog is US$1.15 million and order intake is supportive of a further improvement in revenues.
So at least next year orders have secured over 1.15 million and if they can sell more orders that will create more income . We are all hope they will bring something useful to shareholders.