Xeros has released a trading update for FY22. The statement notes that commercial progress is continuing as expected with IFB and within its Filtration and Finish technologies. However, as a result of the timing of commercial milestone payments and minor restructuring costs incurred towards the end of the period, it now expects FY22 adj. EBITDA to be lower than previously guided. Consequently, we are reducing our FY22 revenue forecast from £0.4m to £0.2m, and our FY22 adj. EBITDA forecasts from ....
