CAP-XX reports financial improvement
The AIM-traded graphene supercapacitor specialist CAP-XX posted an adjusted EBITDA loss of AUD 0.8 million (US$509,000), a US$191,000 improvement from the prior year, while its loss after tax halved to AUD 1.7 million (US$1,082,000) from AUD 3.4 million (US$2,164,000).
The company highlighted a 30% reduction in operating costs compared to the prior year, reflecting restructuring efforts undertaken in 2024. Cash at bank stood at AUD 4.2 million (US$2,674,000) at period-end, bolstered by an AUD 5.7 million (US$3,629,000) capital raise, with a further AUD 1.2 million (US$764,000) in research and development tax credits received in January.
Source: http://www.graphene-info.com/cap-xx-reports-financial-improvement
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