Xeros Technology shares boosted as it inks LOI with major distributor
7th Feb 2025 16:26
(Alliance News) - Xeros Technology Group PLC on Wednesday saw its shares surge 40% as it noted global interest for its Fabric Care technology. Read More
(Alliance News) - Xeros Technology Group PLC on Wednesday saw its shares surge 40% as it noted global interest for its Fabric Care technology. Read More
Xeros Technology Group PLC - Rotherham, England-based laundry technology firm notes several developments, which are expected to impact annual expectations. Firstly, its Indian domestic laundry licensee, IFB Industries Ltd, has changed the specification of the 9 kilogram washing machine it was testing, meaning that mass market launch is now expected in 2025. Further, microfibre filtration legislation is now in place in France, the standards and efficacies pertaining to it remain unclarified. As a result, this is not expected to drive demand for the group's XF3 technology in the short term, as originally expected. Accordingly, Xeros downgrades revenue expectations for financial 2024 and financial 2025 to GBP500,000 and GBP3.8 million respectively, and adjusted loss before interest, tax, depreciation and amortisation to GBP4.2 million and GBP1.0 million. Further, signs contract with Donlim Group to manufacture its XF3 external filter under licence. Read More
(Alliance News) - Stock prices in London were lower at midday, as investor sentiment remained cautious ahead of jobs data from the US later in the afternoon. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Thursday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Xeros Technology Group PLC announced on Friday that, with the closure of its retail offer, it had raised approximately GBP110,000. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
Xeros Technology Group PLC - Rotherham, England-based laundry technology developer - Promotes Alex Tristram to finance director. Tristram joined Xeros as group financial accounting manager in January 2018, was appointed as director of Finance in March 2023. Prior to joining Xeros, he was group accountant and finance director of the Alternative Energy division at Pressure Technologies PLC. Pressure Technologies is a Sheffield, England-based engineering firm. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Xeros Technology Group PLC - Rotherham, England-based laundry technology developer - Signs a technology license and distribution agreement for its garment finishing technology with KRM Tekstil Boya San Tic Ltd. The non-exclusive worldwide agreement is for a 10-year term. KRM, acting as a distributor for Yilmak Makine, will be licensed to distribute and sell machines made by Yilmak, which use Xeros's proprietary XDrum and XOrb technology. T Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More
Xeros Technology Group PLC - Rotherham, England-based laundry technology developer - Posts revenue of GBP164,000 for 2022, down from GBP474,000 in 2021. Xeros explains that the delays in domestic Care launch affects forward looking revenue mix across 2023 and 2024, with revenue lower than previously forecast. Pretax loss widens to GBP7.4 million from GBP6.9 million, as gross profit drops to GBP84,000 from GBP281,000 a year earlier. Administrative expenses increase to GBP7.5 million from GBP7.2 million. Looking ahead, says near-term expectations will be lower than previously expected, but says there is a clear path for its licensing brands to meet market implementation. Read More