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20 Jun 2018 | 08:59

CAP-XX sees narrower earnings loss in H2 amid higher revenues

Supercapacitors manufacturer CAP-XX said Wednesday it expected a narrower earnings loss for the second half of the year compared to the first half amid higher revenues.

Revenues for the second half of the financial year ending 30 June 2018 are expected to be A$3.35m, well above first-half revenues of A$1.54m.

The uptick in revenues are expected to reduced the earnings (EBITDA) loss for the second half to about A$120,000, compared to the first half EBITDA loss of A$1.5m.

CAP-XX said royalty payments continued to grow strongly, and negotiations on new agreements were underway to support licensing activity.

The company said it had received a sharp increase in enquiry levels across all product ranges, which if converted to orders, would amount to annualised sales in excess of US$20m per annum.

At 8:59am: (LON:CPX) CAPXX Ltd share price was +0.95p at 9.55p

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