CAP-XX reports wider losses as sales fall by more than a third

08:58 08/11/2019 - Supercapacitors maker CAP-XX reported wider losses as sales fell by more than a third.

For the year ended 30 June 2019, pre-tax losses widened to A$2.8m from A$2.5m and revenue fell 35% to A$3.2m.

'The major factor underlying this decrease was the last tranche of the "up-front" component of the AVX license being received in 2018,' the company said.

The royalty component of the AVX license, however, would continue for the life of the patents covered by the non-exclusive license, it added.

At 8:58am: (LON:CPX) CAPXX Ltd share price was -0.25p at 4.1p

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