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Xeros Technology PLC on Tuesday reported that it narrowed its loss in 2024, but reported a fall in revenue. Xeros is a Rotherham, England-based laundry technology developer. Shares were flat at 1.35 pence each in London on Tuesday afternoon. The company had a pretax loss of £4.7 million in 2024, narrowed from £4.8 million the previous year. However, the firm’s revenue decreased by 46% to £161,000 from £297,000. Xeros attributed this decline to ‘ongoing contracts and timing orders.’ Looking ahead, the company has said that it has confidence for the longer-term and in its global potential. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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