Xeros has announced interim results for the 6 months to June 2020. This marks a period when the company has completed its transition to an asset-light, IP licensing business model through the disposal of all direct operations. A strong cash position coupled with substantially reduced costs should enable Xeros to reach profitability in H2 FY2022E. Despite COVID, commercial progress is tracking as we would expect. Hence we are not changing forecasts for the current (or future) years and our tar
23 Sep 2020
Xeros - Commercial progress tracking in line with expectations
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Xeros - Commercial progress tracking in line with expectations
Xeros Technology Group Plc (XSG:LON) | 1.4 0 0.0% | Mkt Cap: 3.26m
- Published:
23 Sep 2020 -
Author:
Michael Clifton | Cavendish Research -
Pages:
10
Xeros has announced interim results for the 6 months to June 2020. This marks a period when the company has completed its transition to an asset-light, IP licensing business model through the disposal of all direct operations. A strong cash position coupled with substantially reduced costs should enable Xeros to reach profitability in H2 FY2022E. Despite COVID, commercial progress is tracking as we would expect. Hence we are not changing forecasts for the current (or future) years and our tar