RE: Linkedin18 Oct 2025 10:38
South African contract now past the 12 month period and in light of this I asked AI to analyse Cap-XX performance during that time and this is what it came up with. Nothing if any great surprise really but still interesting how it is perceived.....
"Australian supercapacitor manufacturer CAP-XX Limited (LSE: CPX) has demonstrated some signs of commercial progress, including new contracts and partnerships, but its financial performance remains weak. The company is implementing a restructuring plan to achieve profitability by mid-2026, but it faces significant headwinds.
Financial performance
Worsening losses: For the financial year ending June 30, 2024, CAP-XX reported a widening net loss of A$5.99 million, an increase from a loss of A$5.56 million in 2023.
Increased revenue: While revenue did increase by 26% to A$4.6 million in FY2024, this was offset by a disproportionately larger rise in the cost of goods sold.
Operating cash burn: The company's cash flow from operations was negative A$4.04 million for FY2024, continuing a long-standing trend of losses since its listing.
Short cash runway: As of July 2025, the company had an estimated cash runway of only 10 months, indicating a high dependency on future capital raises. The company has been raising significant capital, including £2.15 million in April 2024 and an additional £3.025 million conditionally in December 2024.
Strategic progress
Operational restructuring: CAP-XX has undergone significant restructuring to increase efficiency and lower costs. Measures include optimizing production, focusing on core competencies, and streamlining management. The company expects these efforts to significantly reduce operational costs in FY2025.
New business wins: In 2025, CAP-XX secured several notable design wins:
Advanced headphones: A contract with a major Asian conglomerate to integrate supercapacitors into a new headphone platform launching in October 2025.
Semiconductor equipment: A contract with a global semiconductor manufacturer to use CAP-XX supercapacitors in high-temperature fabrication equipment.
Smart meters: A contract with a South African smart meter manufacturer, with the majority of revenue expected in FY2025.
New partnerships: The company has forged new strategic partnerships to boost technology and market access:
SCHURTER AG: A strategic partnership and investment with the Swiss manufacturer to co-develop products for the industrial market.
DigiKey: An upgraded vendor accreditation with the US-based distributor, enhancing its presence in the American market.
Ionic Industries: A joint venture to increase the energy density of its supercapacitors using graphene technology.
Market and share performance
High market potential: The global supercapacitor market is experiencing rapid growth, driven by demand in industries like automotive, renewable energy, and consumer electronics. CAP-XX is positioned within this expanding market with its core expertise in thin, prisma
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