8th Feb 2023 11:52
Xeros Technology Group PLC - Rotherham, England-based environmental technology firm - Expects 2022 adjusted loss before interest, tax, depreciation, and amortisation to be 5% to 10% wider than prior guidance, due to the timing of commercial milestone payments and as a result of some "minor restructuring undertaken during the latter part of financial 2022 with associated costs of GBP300,000". Says the restructuring is expected to reduce its ongoing cash run-rate. Xeros believes market consensus for its 2022 adjusted Ebitda loss stands at GBP6.8 million. For 2021, the adjusted Ebitda loss was GBP6.3 million. Read More
