Xeros Technology Adjusts Financial Outlook Amid Delays
Company Announcements

Xeros Technology Adjusts Financial Outlook Amid Delays

Xeros Technology (GB:XSG) has released an update.

Xeros Technology Group has reported delays in product launches and legislation clarity, leading to lowered revenue forecasts for FY24 and FY25, but remains optimistic about the medium-term market for its microfibre filtration technology in washing machines. Despite the setbacks, the company is pursuing new licensing agreements with tier 1 global OEMs and expects its Xeros enabled denim finishing machines to generate revenue within the current financial year. Cost control measures are in place, with the company maintaining sufficient cash reserves to reach cashflow break-even in late 2025.

For further insights into GB:XSG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskXeros Technology’s Shareholder Boost by First Equity
TipRanks UK Auto-Generated NewsdeskXeros Technology Advances with Eco-Friendly Partnerships
TipRanks UK Auto-Generated NewsdeskXeros Technology Unveils Eco-Friendly Growth
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App