Xeros Technology Share Discussion Threads

[amanitaangelicus] 18/4/2023 08:03

200k revenue? Flip me...money extraction scheme in operation ...only mugs need apply.

[terminator101] 18/4/2023 07:20

“Solid progress” huh.

I’d hate to see what not doing well looked like with these clowns. Revenue down. Losses up. Admin costs up. Cash draining out of the business.

Financial summary

· Revenue of £0.2m (2021: £0.5m).

· Adjusted EBITDA1 loss of £7.4m (2021: loss £6.3m).

· Administrative expenses of £7.5m (2021: £7.2m).

· Net cash outflow from operations increased by 19.7% to £7.0m (2021: £5.8m). Cash at 31 March 2023 £4.5m.

· Delays in domestic Care launch affect forward looking revenue mix across 2023 and 2024, with revenue lower than previously forecast.

[someuwin] 14/4/2023 10:19

Results next Tuesday and Investor Meet presentation next Thursday.

Good opportunities to spell out the huge potential with the new distribution agreements.

[someuwin] 13/4/2023 15:58

Actually, market cap is roughly £6m. Which I think could yet prove to be an absolute bargain.

[jpuff] 21/3/2023 13:17

Na still dropping like a stone

[davemac3] 20/3/2023 12:15

is this worth a punt now? Market cap £1m (is that correct?) with license agreements to supply many of the biggest washing machine makers. Will they get to break even before another fund raise?

[someuwin] 20/3/2023 07:15

20 March 2023

Xeros Technology Group plc

('Xeros' or the 'Company' or the 'Group')

Third Global Domestic XFilter Licensing Agreement

Xeros Technology Group plc (AIM: XSG), the creator of technologies that reduce the impact of clothing on the planet, today announces the signing of a third licensing agreement for its XFilter filtration technology with another global component manufacturer, ('the Partner' or 'Manufacturer').

Following the announcements of signed agreements with Hanning in June 2022, and a second supplier announced earlier this month, this third agreement further increases Xeros' market access, with the potential to deliver substantial revenues over the term of the license. Under the terms of the 10-year, non-exclusive agreement, the Partner is licensed to manufacture and sell filters incorporating Xeros' proprietary XFilter technology on a global basis. As with the first two agreements Xeros will receive a royalty per filter device sold by the Partner.

The Manufacturer, headquartered in Northern Europe with production facilities across the US, Asia, and Europe, is a significant supplier of home appliance components alongside waste management solutions with annual turnover of c.€180m. The Partner supplies components for the world's largest domestic washing machine manufacturers, with a high proportion of its customers, including Haier, Midea, LG, Panasonic, Samsung and Whirlpool, operating across the US and Asia markets.

The XFilter filtration technology enables washing machine manufacturers to provide consumers with the ability to capture, and easily and safely dispose of, over 90% of microfibres, including microplastics released during laundry cycles. The filters are built into the washing machine and are designed to last the life of a machine.

Legislation in France requiring the fitting of microfibre filters in all domestic washing machines will come into effect on 1 January 2025. Similar legislation is in development in the UK, California, and the EU.

Neil Austin, Chief Executive Officer of Xeros, said:

"We are very pleased to announce another licensing agreement in such quick succession.

"The fact that three of Europe's leading component suppliers have chosen to partner with Xeros clearly demonstrates that Xeros' XFilter technology is widely regarded and believed in by multiple manufacturers."

"We look forward to updating the market in due course and to working alongside our new partners."

[jpuff] 10/3/2023 13:07

Hopeful thinking

[wheeze] 10/3/2023 12:33

Nonsense. Only a matter of time before licensing deals start generating cash. MMS probably keeping the price down to discourage pi's

[jpuff] 10/3/2023 12:23

Bad call, on the way down again! Can it get to zero? What what is under Woodford days? Thirty quid?

[someuwin] 09/3/2023 09:12

Surely must be good value now with this huge license win. Especially as you can currently buy at the placing price of 5p.

[safety_john] 02/3/2023 23:34

The usp is waterless washing machines, afaik, not just microfibre. No idea what it's worth, just a punt. Sucker share!

[timbo003] 08/2/2023 17:50

Current Director Holding post September 2022 equity raise

Still not that much skin in the game, the Directors nibbled a bit in the fundraise, but it would have been better to have seen them do more.

[haideralifool] 08/2/2023 16:53

Thanks for the link.

On the sidelines at the moment, as I have been for a couple of years. They are projecting b/e in a year's time and burning through £0.5m a month and have enough to keep going for about a year, from what I can make out.

At least Mark Nichols seems to have done well for himself. Didn't seem to have much skin in the game going by the accounts for the year ended 2021.

[timbo003] 08/2/2023 15:39

Cenkos Virtual Growth & Innovation Forum – February 7th 2023

[davemac3] 08/2/2023 13:15

does that mean another fund raise will be required?

[timbo003] 05/2/2023 21:06

Found this on BBC iplayer (first broadcast on Feb 2nd), I haven't had the chance to listen to it yet but it looks like its relevant


Also, I see they are presenting at the Cenkos Growth & Innovation Forum on Tuesday

[wheeze] 21/1/2023 07:37

Especially applies to an ugly old pug...

[pugugly] 19/1/2023 12:58

An old dog may seem to be alive when the skin moves but often just maggots moving the skin to give the appearance of life.

[safety_john] 19/1/2023 12:45

Hmmm, funded by Xeros

[timbo003] 19/1/2023 11:02

Life in the old dog yet?


🔬👗 Project to upcycle the microfibres captured from laundering clothes into valuable carbon material gets funding | at E&T Magazine



— E&T Magazine (@EandTmagazine)

[safety_john] 21/12/2022 12:24

Sigh. We shall overcome, some day.

[beerboy02] 21/12/2022 11:11

Years of lies and obscene salaries few people have any faith left in the company unfortunately.