Xeros Technology Share Discussion Threads

[melloteam] 17/5/2023 15:25

Just to let shareholders and prospective investors know that Xeros will be presenting on the 24th of May next week at Mello2023.

We have created a two day physical investor conference (23rd & 24th May) at the Clayton Hotel and Conference Centre in Chiswick that will include 15 top quality keynote speakers, 12 educational workshops and panel sessions, 50 exhibiting companies plus over 80 company presentations for investors to evaluate and understand their current or future investments. For a £25 bonus add-on price delegates at Mello2023 are also invited to make it a three day visit and join us for the Mello2023 Virtual event the day after, Thursday 25th May.

Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[wheeze] 17/5/2023 14:58

Dont be mislead by random comments. Do your own research and reach your own conclusions. Buy, hold or sell on this basis alone. I would recommend anyone to read the various RNSs released over the past year. GLAH

[hugetakeaway] 17/5/2023 14:24

If you still unlucky enough to hold this,get out on this mini spike...the BOD should be in jail,going to inevitable 0

[glavey] 17/5/2023 11:55

Meaningless RNS with no actual figures or forecasts, just spiel.

Surely they don't need to raise again already?

[nowthatswhaticallmusic] 28/4/2023 18:47

Indeed .Going to ZERO.

[jpuff] 28/4/2023 10:28

STRONG SELL

[jpuff] 28/4/2023 10:27

A good question for the AGM might be when are they going to sell anything to justify the huge salaries of this Lifestyle company?

[1pencil] 24/4/2023 21:07

How does it capture micro fibres when the unit is installed inside the detergent drawer, as per video ?

[timbo003] 24/4/2023 20:49

Video from Thursday's Proactive investor event now available:

[beerboy02] 19/4/2023 20:17

Just look at the last 4 years and what XSG have come up with its all rubbish, it's just a lifestyle company constantly trying to shaft new investors, the directors should be locked up.

[jpuff] 18/4/2023 17:54

I wonder how much longer it can survive? Given no (paltry) revenues?

[marmar80] 18/4/2023 15:21

Problem numero uno are admin expenses. By end of 2023 another fundraising will be required.

[amanitaangelicus] 18/4/2023 12:37

890,000k mkt cap ...200,000k rev, profit forget it ...buying the revenue ...pointless

[jpuff] 18/4/2023 08:52

As I said, still dropping like a stone

[orkneyarab] 18/4/2023 08:06

Morning sweet cheeks, any fantasy shorts on this one, huh?

[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