Trading update and notification of date of results

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)                                     [phone]

Kreab (Financial PR)

Robert Speed                                                                                [phone]

Allenby Capital (Nominated Adviser and Broker

David Hart / Alex Brearley (Corporate Finance)  [phone]

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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