Xeros has reported H1 2021 results for the six-month period up to end June 2021. Revenues are broadly inline but cash is slightly behind expectations due to ramp up in XFiltra investment. These results are not reflective of the longer-term potential of the Group. Despite some inevitable further pandemic-induced delays, commercial progress is encouraging, with the potential of XFiltra looking particularly exciting. We reiterate our 400p/share price target.
23 Sep 2021
Xeros - Pandemic drag continues but future remains bright
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Xeros - Pandemic drag continues but future remains bright
Xeros Technology Group Plc (XSG:LON) | 1.4 0 (-1.7%) | Mkt Cap: 3.21m
- Published:
23 Sep 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
8
Xeros has reported H1 2021 results for the six-month period up to end June 2021. Revenues are broadly inline but cash is slightly behind expectations due to ramp up in XFiltra investment. These results are not reflective of the longer-term potential of the Group. Despite some inevitable further pandemic-induced delays, commercial progress is encouraging, with the potential of XFiltra looking particularly exciting. We reiterate our 400p/share price target.