Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Xeros Technology PLC on Tuesday reported that it narrowed its loss in 2024, but reported a fall in revenue.
Xeros is a Rotherham, England-based laundry technology developer. Shares were flat at 1.35 pence each in London on Tuesday afternoon.
The company had a pretax loss of £4.7 million in 2024, narrowed from £4.8 million the previous year.
However, the firm’s revenue decreased by 46% to £161,000 from £297,000. Xeros attributed this decline to ‘ongoing contracts and timing orders.’
Looking ahead, the company has said that it has confidence for the longer-term and in its global potential.
Copyright 2025 Alliance News Ltd. All Rights Reserved.