CAP-XX Ltd (GB:CPX) has released an update.
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CAP-XX Ltd has reported a robust 26% increase in revenue for the fiscal year ending June 2024, reaching A$4.6 million, driven by a significant rise in product sales across Asia Pacific and Europe. Despite the positive sales growth, the company faced a loss after tax of A$6 million, impacted by non-recurring legal and restructuring costs, but anticipates reducing these expenses in the coming year. The recent equity fundraising and strategic partnerships are set to bolster CAP-XX’s working capital and expansion plans, positioning the company for future success in the supercapacitor market.
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