Xaar plc (GB:XAR) has released an update.
Xaar plc, a leader in inkjet printing technology, has reported a decline in revenue and gross profit in the first half of 2024 due to ongoing challenges in the legacy ceramics market and EPS weakness, though the printhead business outside ceramics grew by 26%. Despite a tough market, the company has successfully commercialized new products, maintaining a strong cash position with disciplined management. Looking forward, they boast a promising pipeline of OEM projects and remain poised for growth with a strategic focus on new market sectors.
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