Published: February 8, 2023 at 5:43 am ET
By Joe Hoppe
Xeros Technology Group PLC said Wednesday that it expects its loss in 2022 to be wider than previously guided, largely due to the timing of commercial milestone payments and as a result of some minor adjustments.
The UK provider of water storage and filtration technologies said it expected an adjusted loss before interest, tax, …
By Joe Hoppe
Xeros Technology Group PLC said Wednesday that it expects its loss in 2022 to be wider than previously guided, largely due to the timing of commercial milestone payments and as a result of some minor adjustments.
The UK provider of water storage and filtration technologies said it expected its adjusted loss before interest, tax, depreciation and amortization to be 5%-10% wider than previously guide. It did not give its own expectations but gave a market consensus of an adjusted Ebitda loss of 6.8 million pounds ($8.2 million).
The company said the restructuring is expected to reduce its cash run rate.
Shares by 1035 GMT were down 0.35 pence, or 7.1%, at 4.55 pence.
Write to Joe Hoppe at joseph.hoppe@wsj.com
