CAP-XX Ltd (GB:CPX) has released an update.
CAP-XX Limited, a prominent designer and manufacturer of supercapacitors, has reported a significant revenue increase of 26.7% to A$4.6m for FY2024, with a promising backlog and strong financials including being debt-free and a healthy cash reserve. The company has enhanced its market position through a strategic alliance with SCHURTER AG and a successful partnership with DigiKey that has improved U.S. market presence. Amidst a growing global supercapacitor market, CAP-XX is expanding its distribution network and anticipates the audited financial results on 29 October 2024.
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