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.
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