Xeros Technology (GB:XSG) has released an update.
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Xeros Technology Group reports a promising commercial trajectory with new global partnerships and technology launches, despite a slight revenue dip to £79k from £113k in the prior half-year. The company is poised for revenue growth with its eco-friendly laundry technologies, including a significant deal with Donlim Group for micro-fibre filtration and a range of denim finishing machines expected to be revenue-generating within the year. With current financing, Xeros anticipates reaching cashflow breakeven by FY25, backed by their cost control measures and active discussions with major global brands.
For further insights into GB:XSG stock, check out TipRanks’ Stock Analysis page.
