Business
Audited results for the year ended 30 June 2017
Audited results for the year ended 30 June 2017.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 9990S CAP-XX Limited 09 October 2017 \n\n \n \n \nDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).\n \n \n9 October 2017\n \nCAP-XX Limited\n(\"CAP-XX\" the \"Company\")\n \nAudited results for the year ended 30 June 2017\n \nCAP-XX Limited, a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems, is pleased to announce its audited results for the year ended 30 June 2017.\n \nKey highlights\n \n· Sales revenue of A$4.1 million (2016: A$5.0 million) and EBITDA loss of A$1.2 million (2016: A$0.7 million) in line with guidance announced on 7 June 2017\n· Royalty revenue of A$0.7 million (2016: A$0.2 million) up 177%. Q4 Murata royalty up over 50% on prior quarter, following major new product launches during the year. Introduction of additional product ranges by AVX during the year\n· Operating expenses reduced by A$0.5 million year-on-year, with R&D and engineering spending maintained and additional R&D and Engineering staff added\n· The Board believes that the Company's IP and patent portfolio is in its strongest position ever\n· New licensing deals are under negotiation and the Board expects at least some of these to successfully close in the current financial year and remains confident that CAP-XX will continue to drive further increases in royalty receipts\n· Sales enquiries for prismatic supercapacitors, including Thinline, are at record levels. The first large volume design win for our Thinline product range, in a wearable application for the Internet of Things (IoT) market segment, was announced in August 2017 \n· Several additional large IoT design wins have already been secured and high-volume orders are expected in the current financial year\n· Three large automotive opportunities are under development, including applications for passenger vehicles and heavy vehicles\n· Three new custom designed automotive systems delivered to customers for evaluation ...