26th Jan 2023 14:24
Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Reports revenue of AUD1.6 million in the first half to December 31, down 34% from AUD2.4 million a year ago. Company notes supply chain bottlenecks especially in China, as well as a global shortage of integrated circuits, which affects its customer order volumes. Further, notes impact of the war in Ukraine and rising interest rates and energy prices. Adjusted half-year loss before interest, tax, depreciation and amortisation is expected at AUD966,000, widened from AUD305,000. Sales order book grows 41% since December 31, 2022. Sales pipeline grows 8.3% to USD65 million annually as at December 31, from USD60 million at June 30. Cap-XX will release its interim results on February 28.
Current stock price: 3.16 pence, down 30% on Thursday
12-month change: down 39%
By Tom Budszus, Alliance News reporter
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