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GOOD

CAP-XX Reports Improved Half-Year Results with Revenue Growth and Reduced Losses

Why we think this is good

CAP-XX has demonstrated significant financial improvements in its half-year results. The company reported a 6.8% increase in revenue, a substantial reduction in losses, and an improved gross margin. The successful capital raise and strong cash position provide a solid foundation for future growth. New partnerships with SCHURTER and DigiKey are showing early positive results, with January 2025 billings up 62% year-on-year. However, the company is still operating at a loss, and the book to bill ratio below 1.0 suggests potential growth challenges ahead.

Key Points

  • Revenue increased by 6.8% to A$2.4m in H1FY25
  • Gross margin improved to 35.0% from 30.0% in FY24
  • Loss after tax reduced from A$3.4m to A$1.7m
  • Successful capital raise with net proceeds of A$5.7m
  • Cash position improved to A$4.2m at 31 December 2024
  • January 2025 billings increased by 62% year-on-year
  • New partnerships with SCHURTER and DigiKey showing positive early impact
  • Book to bill ratio of 0.88 as at 31 January 2025
  • Operating costs reduced by 30% during the comparative period

Summary

The supercapacitor manufacturer reported improved half-year results with revenue growth of 6.8% and significantly reduced losses. New strategic partnerships are showing early positive impact on performance.

CAP-XX Limited has released its half-year results for the period ended 31 December 2024, showing notable improvements in financial performance. Revenue increased by 6.8% to A$2.4m, while the gross margin improved to 35.0% from 30.0% in FY24. The company significantly reduced its loss after tax from A$3.4m to A$1.7m. A successful capital raise strengthened the cash position to A$4.2m. New partnerships with SCHURTER and DigiKey are yielding positive early results, with January 2025 billings up 62% year-on-year. However, the company continues to operate at a loss, and the book to bill ratio of 0.88 suggests potential growth challenges. The improved financial performance and strong cash position provide a solid foundation for future growth, but achieving sustained profitability remains a key objective.

Key Dates

19 February 2025
General Meeting
Investor presentation on Interim Results via Investor Meet Company platform
Impact Score: 6
HALF YEAR