Xeros Technology Group (LON:XSG – Get Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX (0.19) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Xeros Technology Group had a negative net margin of 1,161.54% and a negative return on equity of 74.46%.
Xeros Technology Group Stock Performance
Shares of LON:XSG remained flat at GBX 1.15 on Friday. 3,654,793 shares of the stock traded hands, compared to its average volume of 1,819,979. The stock has a market cap of £9.91 million, a price-to-earnings ratio of -1.85 and a beta of 2.36. The company has a debt-to-equity ratio of 12.69, a current ratio of 7.89 and a quick ratio of 3.05. Xeros Technology Group has a 1-year low of GBX 1 and a 1-year high of GBX 3.10. The stock has a fifty day moving average price of GBX 1.42 and a 200 day moving average price of GBX 1.44.
About Xeros Technology Group
The traditional wet processing methods used in industrial and domestic laundry and garment manufacturing consume billions of litres of fresh water and large amounts of energy and chemicals, as well as damaging and weakening clothing fibres and creating rising levels of environmental pollution. It is estimated that washing machines contribute 35% of the 171 trillion microplastic particles in the ocean.
A range of actors, including consumers, the media NGOs and regulators are exerting pressure on these industries, with legislative action beginning to be taken.
Xeros’ three main technologies, Microfibre Pollution Filter, Laundry Care, and Garment Finishing, facilitate garment manufacturers, industrial laundries, domestic washing machine manufacturers and consumers, to reduce their environmental impact, whilst also significantly improving efficiency in the process.
Xeros’ model is to generate revenue from licensing its technologies, generating royalties and the sale of consumables.
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