Xeros Technology ‘confident’ as inflection point nears
Published: 09:27 20 May 2025 BST
Xeros Technology Group PLC (AIM:XSG) told investors it is confident in the group’s outlook, as it commercialisation efforts continue to see progress.
The company, which develops washing machine technology with reduced environmental impact, reported a narrower loss for 2024.
It comes as some of the world's largest washing machine manufacturers are undertaking a technical verification process for the firm’s Laundry Care technology – processes that could lead to joint development agreements.
At the same time, three major brands are also in talks over the company’s external filter.
“Any one of these JDAs could be potentially transformational for Xeros,” chief executive Neil Austin said in a statement.
“Not only do they bring some immediate revenue, but they are also the pathway to the scaling of our technology and subsequent royalty payments.
“While timing of JDAs can be frustrating, we continue to make progress across our discussions."
Revenue for 2024 amounted to £200,000, whilst its earnings (adjusted EBITDA) loss reduced to £4.4 million.
Xeros said it had £1.4 million at the end of April.
Max Hayes, analyst at Cavendish, described the results as “in line with expectations” and highlighted that the firm’s operational achievements in the period give stronger long-term value indications.
Xeros is reaching a clear inflection point, the analyst reckoned.
“We believe commercial success across all divisions will establish valuable case studies, accelerating customer progression from verification to commercialisation, whilst also attracting more potential verification customers,” Hayes said in a statement.
