Xeros Technology Group (LON:XSG – Get Free Report) issued its earnings results on Tuesday. The company reported GBX (0.19) EPS for the quarter, Digital Look Earnings reports. Xeros Technology Group had a negative net margin of 1,411.16% and a negative return on equity of 101.58%.
Xeros Technology Group Stock Down 14.8%
LON:XSG traded down GBX 0.20 on Tuesday, hitting GBX 1.15. The stock had a trading volume of 6,035,635 shares, compared to its average volume of 1,799,218. The company has a quick ratio of 3.05, a current ratio of 6.56 and a debt-to-equity ratio of 8.15. Xeros Technology Group has a 52 week low of GBX 1 and a 52 week high of GBX 3.10. The business’s fifty day moving average is GBX 1.46 and its 200 day moving average is GBX 1.45. The company has a market cap of £9.91 million, a PE ratio of -1.85 and a beta of 2.36.
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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