CAP-XX Boosts Cash Position with A$1.75m Australian R&D Tax Credit

CAP-XX Ltd ( (GB:CPX) ) just unveiled an update.

CAP-XX Limited has received approval from the Australian Tax Office for an R&D tax credit of A$1.75m, and the funds have been paid to the company, bringing its current cash position to A$2.97m. The tax credit injection strengthens CAP-XX’s near-term liquidity as it continues to develop and commercialise its supercapacitor technology, providing additional financial headroom that may support ongoing R&D activities and underpin operations in a competitive energy storage and power management market.

The most recent analyst rating on (GB:CPX) stock is a Sell with a £0.23 price target. To see the full list of analyst forecasts on CAP-XX Ltd stock, see the GB:CPX Stock Forecast page.

Spark’s Take on GB:CPX Stock

According to Spark, TipRanks’ AI Analyst, GB:CPX is a Underperform.

CAP-XX Ltd’s overall stock score is primarily influenced by its weak financial performance and challenging valuation metrics. The technical analysis suggests a bearish trend, further impacting the score. The lack of earnings call data and corporate events means these factors do not contribute to the score.

To see Spark’s full report on GB:CPX stock, click here.

More about CAP-XX Ltd

CAP-XX Limited, listed on London’s AIM market, designs and manufactures thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices and, increasingly, in larger applications such as automotive and renewable energy. Its supercapacitors are distinguished by very high power density and energy storage capacity in compact prismatic packages, targeting power-hungry consumer and industrial electronics as well as transportation and clean energy systems.

Average Trading Volume: 30,847,548

Technical Sentiment Signal: Sell

Current Market Cap: £13.62M

Find detailed analytics on CPX stock on TipRanks’ Stock Analysis page.