Source - Alliance News
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.
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