CAP-XX Limited Update re. final results and current trading

RNS Number : 9582I

CAP-XX Limited

21 October 2024

 

21 October 2024

CAP-XX Limited

("CAP-XX" or "the Company")

Year ended 30 June 2024 results timetable and current trading

The Board of CAP-XX Limited, a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, announces that the publication of its financial results for the year ended 30 June 2024, previously planned for 29 October 2024, will now take place on 29 November 2024.

Completion of the financial statements is still in progress, including the required completion of the audit process.

Current Trading

·      Customer orders received for Q1 FY25 are 30% ahead of the equivalent period in FY24

·      Products shipped and invoiced for Q1 FY25 are 36% ahead of the equivalent period in FY24

·      The current book to bill ratio of 1.25 is considered healthy in the industry

The Company's application to the Australian Tax Office for a net R&D tax rebate totalling AU$1.2m is progressing and the Board anticipates this rebate to be received by the end of November 2024.

 

For further information contact:

CAP-XX Limited

Pat Elliott (Chairman)                                                                             [phone]

Lars Stegmann (Chief Executive Officer)

 

Allenby Capital (Nominated Adviser and Joint Broker)

David Hart / Piers Shimwell (Corporate Finance)                                  [phone]

Tony Quirke / Jos Pinnington (Sales and Corporate Broking)

 

Notes to Editors:

About CAP-XX

CAP-XX (LSE: CPX) is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high-power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics and deliver similar benefits in automotive and other transportation applications.

For more information about CAP-XX, visit www.cap-xx.com

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