CAP-XX Limited Trading update and notification of date of results (3867O)
09 Febrero 2021 - 1:00AM
UK Regulatory
TIDMCPX
RNS Number : 3867O
CAP-XX Limited
09 February 2021
Dissemination of a Regulatory Announcement that contains inside
information for the purposes of Regulation 11 of the Market Abuse
(Amendment) (EU Exit) Regulations 2019/310.
9 February 2021
CAP-XX Limited
("CAP-XX" or the "Company")
Trading update and notification of date of interim results
CAP-XX Limited, a world leader in the design and manufacture of
supercapacitors and energy management systems, is pleased to
provide an update on business performance in the six months ended
31 December 2020. CAP-XX will be announcing its interim results on
25 February 2021.
Revenues for the six months to 31 December 2020 were A$2.1m, up
10% from the A$1.8m of revenue generated in the comparative period
in 2019. Product sales for the half year were A$1.7m, 26% higher
than the A$1.4m in the corresponding prior year period. This
improved performance was despite the significant disruption caused
by the COVID-19 pandemic. EBITDA loss excluding the amortisation of
employee share options is expected to be approximately A$1m,
including the Murata project expenses (H1 2019: loss of A$0.8m ).
The Company's order book as at 31 January 2021 was over 100% higher
than at the same time last year.
The Company has made excellent progress at its newly constructed
headquarters facility at Seven Hills, where supercapacitor
production has moved into the commercial phase. The facility is
performing in line with management's expectations.
The Company continues to make progress in the pursuit of its
various licencing and patent infringement cases.
The Board is also pleased to announce that CAP-XX is now an
approved supplier to a global smart phone manufacturer and
separately has commenced the formal process to become an accredited
supplier to a global Automotive Tier 1 Component Supplier.
For further information contact:
CAP-XX Limited
Anthony Kongats (Chief Executive Officer) +61 (0) 2 9428 0139
Kreab (Financial PR)
Robert Speed +44 (0) 20 7074 1800
Allenby Capital (Nominated Adviser and Broker
David Hart / Alex Brearley (Corporate Finance) +44 (0) 20 3328 5656
Tony Quirke (Sales and Corporate Broking)
More information is available at www.cap-xx.com
Notes to Editors:
CAP-XX (LSE: CPX) is a world leader in the design and
manufacture of thin, flat supercapacitors and energy management
systems used in portable and small-scale electronic devices, and to
an increasing extent, in larger applications such as automotive and
renewable energy. The unique feature of CAP-XX supercapacitors is
their very high power density and high energy storage capacity in a
space-efficient prismatic package. These attributes are essential
in power-hungry consumer and industrial electronics, and deliver
similar benefits in automotive and other transportation
applications. For more information about CAP-XX, visit
www.cap-xx.com
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END
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February 09, 2021 02:00 ET (07:00 GMT)
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