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CAP-XX Ltd ( (GB:CPX) ) has provided an announcement.
CAP-XX Limited reported a significant reduction in operating costs and an improved financial performance for the half-year ending December 31, 2024. Revenue increased by 6.8% to A$2.4 million, with gross margins stabilizing and a reduced loss after tax thanks to decreased legal expenses. Strategic partnerships and expansion efforts, such as the SCHURTER collaboration and accreditation with DigiKey, are expected to further enhance CAP-XX’s market positioning. The company’s continued investment in product development and distribution networks, alongside a successful capital raise, underscores its commitment to innovation and growth.
More about CAP-XX Ltd
CAP-XX Limited is a leader in designing and manufacturing thin, prismatic supercapacitors and energy management systems. The company focuses on innovative energy solutions and has strategic partnerships with major electronic component distributors like SCHURTER and DigiKey, aiming to optimize operations and drive sustainable growth.
YTD Price Performance: -23.75%
Average Trading Volume: 173,359,331
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £7.08M
For an in-depth examination of CPX stock, go to TipRanks’ Stock Analysis page.
