CAP-XX Limited (AIM:CPX) – AUD$91m and counting.. but little sign of significant progress !
CAP-XX Limited, calls itself a 'world leader' in the design and manufacture of thin, flat supercapacitors and energy management systems – the latest results for the year ending 30 June 2014 suggest otherwise!
Sales revenue rose 11% to an eye wateringŅŅAUD$4.0 million, that’s £2.3m.
Management commented how the progress on the delivery of operational cost savings is pleasing and the impact is already being seen in an improving product gross margin and a significant reduction in the cash burn.
The balance sheet reveals that this business has now built up losses of over AUD$91m having been admitted to AIM back in April 2006 raising just over £17m…
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