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IN BRIEF: Cap-XX shares plummet as interim revenue drops 34%

ALN

Cap-XX Ltd - Sydney-based maker of ultra-thin prismatic and cylindrical supercapacitors - Reports revenue of A$1.6 million in the first half to December 31, down 34% from A$2.4 million a year ago. Company notes supply chain bottlenecks especially in China, as well as a global shortage of integrated circuits, which affects its customer order volumes. Further, notes impact of the war in Ukraine and rising interest rates and energy prices. Adjusted half-year loss before interest, tax, depreciation and amortisation is expected at A$966,000, widened from A$305,000. Sales order book grows 41% since December 31, 2022. Sales pipeline grows 8.3% to $65 million annually as at December 31, from $60 million at June 30. Cap-XX will release its interim results on February 28.

Current stock price: 3.16 pence, down 30% on Thursday

12-month change: down 39%

By Tom Budszus, Alliance News reporter

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