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CAP-XX reports wider loss in H1 after A$2m spend on Murata project

By BFN News | 10:02 AM | Thursday 25 February, 2021


Supercapacitors and energy management systems company CAP-XX reported a wider loss in the first half of the year amid increased spending on its Murata project. For the half-year ended 31 December 2020, the EBITDA loss was A$0.9 million, compared with a loss A$0.8 million last year. Adjusted EBITDA profit was A$0.32 million compared to the corresponding half-year loss of A$(0.44 million, as revenue was up 10% to A$2.1 million. The order book at the end of December 2020 was 75% higher than at the same time last year, thanks to rising demand from the internet of things related market segments. 'We enter the second half of the year with a strong order book and rising enquiry levels as we raise production levels at our newly installed manufacturing facility,' the company said. At 10:02am: (LON:CPX) CAPXX Ltd share price was 0p at 4.65p Story provided by StockMarketWire.com

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