tiprankstipranks
Xaar plc Navigates Market Challenges with New Growth
Company Announcements

Xaar plc Navigates Market Challenges with New Growth

Xaar plc (GB:XAR) has released an update.

Don't Miss our Black Friday Offers:

Xaar plc, a leader in inkjet printing technology, has reported a decline in revenue and gross profit in the first half of 2024 due to ongoing challenges in the legacy ceramics market and EPS weakness, though the printhead business outside ceramics grew by 26%. Despite a tough market, the company has successfully commercialized new products, maintaining a strong cash position with disciplined management. Looking forward, they boast a promising pipeline of OEM projects and remain poised for growth with a strategic focus on new market sectors.

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

Related Articles
TipRanks UK Auto-Generated NewsdeskXaar plc Announces CFO Resignation and Interim Appointment
TipRanks UK Auto-Generated NewsdeskXaar Announces CFO Changes Amid Strategic Opportunities
TipRanks UK Auto-Generated NewsdeskXaar plc Announces Total Voting Rights Count
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