Xeros Technology Group (LON:XSG) Posts Earnings Results

Xeros Technology Group (LON:XSG) released its quarterly earnings data on Tuesday. The company reported GBX (0.19) EPS for the quarter, Digital Look Earnings reports. Xeros Technology Group had a negative return on equity of 101.58% and a negative net margin of 1,411.16%.

Xeros Technology Group Price Performance

Shares of XSG stock traded down GBX 0.18 during trading hours on Tuesday, hitting GBX 1.17. The company’s stock had a trading volume of 7,925,530 shares, compared to its average volume of 1,810,206. The company has a current ratio of 6.56, a quick ratio of 3.05 and a debt-to-equity ratio of 8.15. The business has a fifty day moving average of GBX 1.45 and a 200-day moving average of GBX 1.44. Xeros Technology Group has a twelve month low of GBX 1 and a twelve month high of GBX 3.10. The stock has a market cap of £10.05 million, a price-to-earnings ratio of -1.88 and a beta of 2.36.

Xeros Technology Group Company Profile

Xeros Technology plc has developed patented and proven, industry-leading technologies which reduce the environmental impact of how industries make and care for clothes.

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.