Xeros’s interim results are as expected following its recent trading update. Revenue decreased from £113k to £79k, while adj. LBITDA improved from -£2.6m to -£2.4m. Period-end cash of £4.7m benefitted from the exercise of warrants and the placing and retail offer conducted earlier in the year, offsetting a slightly reduced operating cash outflow of -£2.6m. Recent commercial progress includes the previously flagged agreement signed with Donlim, the world’s largest SDA manufacturer, on Xeros’s XF3 ....
