Xeros has reported FY results for the year ended December 2020. Revenue and cash position were in line with our expectations but do not reflect the future potential within the group. Commercial progress remains as expected, with the potential of XFiltra looking particularly exciting. We are not materially changing our forecasts and reiterate our 400p price target.
29 Apr 2021
Xeros - FY2021 in line, future potential remains exciting
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Xeros - FY2021 in line, future potential remains exciting
Xeros Technology Group Plc (XSG:LON) | 1.4 0 0.0% | Mkt Cap: 3.15m
- Published:
29 Apr 2021 -
Author:
Michael Clifton | Cavendish Research -
Pages:
8
Xeros has reported FY results for the year ended December 2020. Revenue and cash position were in line with our expectations but do not reflect the future potential within the group. Commercial progress remains as expected, with the potential of XFiltra looking particularly exciting. We are not materially changing our forecasts and reiterate our 400p price target.