Business
2022 INTERIM RESULTS
2022 INTERIM RESULTS.
About this update from Xaar Plc
[{"type":"text","content":"\n \n \n XAAR plc \n \n \n \n \n \n 2022 INTERIM RESULTS\n \n \n \n \n \n CONTINUED IMPROVING PERFORMANCE WITH POSITIVE MOMENTUM - ON TRACK TO DELIVER FULL YEAR PROFIT\n \n \n \n \n \n Xaar plc (\"Xaar\", the \"Group\" or the \"Company\"), the leading inkjet printing technology group, today announces its interim results for the six months ended 30 June 2022.\n \n \n \n \n \n \n Summary of results for the six months ended 30 June 2022:\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n 2022\n \n \n \n \n \n \n 20211\n \n \n \n \n \n \n Change\n \n \n \n \n \n \n \n \n Continuing Operations\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n £36.6m\n \n \n \n \n £26.3m\n \n \n \n \n +39%\n \n \n \n \n \n \n Gross profit\n \n \n \n \n £14.5m\n \n \n \n \n £8.3m\n \n \n \n \n +75%\n \n \n \n \n \n \n Gross margin %\n \n \n \n \n 40%\n \n \n \n \n 31%\n \n \n \n \n +9ppts\n \n \n \n \n \n \n Gross R&D investment\n \n \n \n \n £3.3m\n \n \n \n \n £2.6m\n \n \n \n \n +27%\n \n \n \n \n \n \n Adjusted EBITDA2\n \n \n \n \n £3.0m\n \n \n \n \n £0.3m\n \n \n \n \n \n \n \n \n \n \n \n \n \n Adjusted profit/(loss) before tax2\n \n \n \n \n £1.4m\n \n \n \n \n (£1.6m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss before tax\n \n \n \n \n (£0.3m)\n \n \n \n \n (£1.4m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Profit/(loss) for the period after tax\n \n \n \n \n £0.7m\n \n \n \n \n (£1.3m)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 0.9p\n \n \n \n \n (1.6p)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Total Operations\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Loss before tax\n \n \n \n \n (£0.6m)\n \n \n \n \n (£4.2m)\n \n \n \n \n +85%\n \n \n \n \n \n \n Profit/(loss) for the period after tax\n \n \n \n \n £0.4m\n \n \n \n \n (£4.3m)\n \n \n \n \n +108%\n \n \n \n \n \n \n Basic earnings per share\n \n \n \n \n 0.5p\n \n \n \n \n (3.8p)\n \n \n \n \n +112%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Net cash at the period end3\n \n \n \n \n £12.7m\n \n \n \n \n £17.1m\n \n \n \n \n -26%\n \n \n...