Xeros Technology Group (LON:XSG) Releases Earnings Results

Xeros Technology Group (LON:XSG) issued its quarterly earnings data on Tuesday. The company reported GBX (0.19) earnings per share 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 Stock Down 18.9%

Shares of LON:XSG opened at GBX 1.09 on Tuesday. The firm has a market cap of £9.44 million, a P/E ratio of -1.77 and a beta of 2.36. Xeros Technology Group has a 12-month low of GBX 1 and a 12-month high of GBX 3.10. The business has a fifty day simple moving average of GBX 1.46 and a 200 day simple moving average of GBX 1.45. The company has a quick ratio of 3.05, a current ratio of 6.56 and a debt-to-equity ratio of 8.15.

About Xeros Technology Group

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.