FY21 results were in line with the recent trading update with strong product sales growth of 30%, leading to a reduction in the Adjusted EBITDA loss to A$0.4m (down from A$1.6m in FY20). The Outlook statement notes FY22 has started well, it expects to retain more that 75% of Murata customers by value and that trading is in line with market expectations. We maintain our forecasts which assume 60% revenue growth in FY22E enabling EBITDA profitability on a non-adjusted basis.
29 Sep 2021
Cenkos: CAP-XX Ltd -- FY22 off to a good start
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Cenkos: CAP-XX Ltd -- FY22 off to a good start
CAP-XX Limited (CPX:LON) | 0.1 0 0.0% | Mkt Cap: 0.82m
- Published:
29 Sep 2021 -
Author:
John-Marc Bunce -
Pages:
5
FY21 results were in line with the recent trading update with strong product sales growth of 30%, leading to a reduction in the Adjusted EBITDA loss to A$0.4m (down from A$1.6m in FY20). The Outlook statement notes FY22 has started well, it expects to retain more that 75% of Murata customers by value and that trading is in line with market expectations. We maintain our forecasts which assume 60% revenue growth in FY22E enabling EBITDA profitability on a non-adjusted basis.