Xaar (XAR) shares were up nearly 5 per cent in morning trading after disclosing that it anticipates reporting first-half revenues of £23m. Turnover for the period was actually £27m, but the inkjet technology specialist registered around £4m in revenue reversal as Xaar 1201 inventory is returned to the business for rework due to age - it expects to sell this inventory in its second half. There was growth in other printhead products, notably the Xaar 5601, which grew by 490 per cent. There was no news on Xaar’s stated aim of finding new external partners to invest in and help scale up its fledgling thin film product portfolio, which the company previously admitted has so far failed to live up to its potential. Sell.
Overall revenue for the first half was £27 million however this was impacted by approximately £4 million of revenue reversal regarding Xaar 1201 inventory being returned to the business. Excluding one-time Royalties of approximately £10 million in H1 2018 and the prior years' revenue reversal of approximately £4 million in H1 2019, revenue grew by 8%..
RNS Number: 5729 E Xaar PLC 04 July 2019 BLOCK LISTING SIX MONTHLY RETURN. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0798 E Xaar PLC 01 July 2019 Xaar plc. In accordance with the FCA's Disclosure and Transparency Rule 5.6. 1, Xaar plc announces that the Company's issued share capital consists of 78,334,296 ordinary shares of 10 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 2862 B Xaar PLC 05 June 2019 Xaar plc. In accordance with the FCA's Disclosure and Transparency Rule 5.6. 1, Xaar plc announces that the Company's issued share capital consists of 78,334,296 ordinary shares of 10 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3451 A Xaar PLC 28 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 3057 A Xaar PLC 28 May 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7487 Z Xaar PLC 21 May 2019 Xaar plc. The Company is pleased to announce that, at the Annual General Meeting of the Company held on 21 May 2019, all resolutions put to the meeting were duly passed.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7815 X Xaar PLC 01 May 2019 Xaar plc. In accordance with the FCA's Disclosure and Transparency Rule 5.6. 1, Xaar plc announces that the Company's issued share capital consists of 78,334,296 ordinary shares of 10 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 7273 X Xaar PLC 01 May 2019 Xaar plc. The Company announces that on 30 April 2019 the Executive Directors of the Company were granted the following nil priced share options over ordinary shares of 10 pence each in the Company under the terms of the Xaar 2017 Long Term Incentive Plan:. *Options granted under the LTIP scheme..
RNS Number: 6070 X Xaar PLC 30 April 2019 TR-1: S tandard form for notification of major holdings. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8396 U Xaar PLC 02 April 2019 Xaar plc. In accordance with the FCA's Disclosure and Transparency Rule 5.6. 1, Xaar plc announces that the Company's issued share capital consists of 78,334,296 ordinary shares of 10 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Xaar (XAR) shares fell as much as 9 per cent in morning trading as the inkjet printheads developer has said it will require external investment to maximise the potential of its thin film portfolio. The company made a pre-tax loss of £14.9m, and the dividend has been cut to 1p, from 10.2p last year. The loss was largely driven by a rapid decline in the ceramics end market. The shares are now down 25 per cent since our February tip, which we reiterate. Sell.
·Revenue in line with December update, but pretax losses affected by additional inventory and debtors provisions totalling £7.0 million.. ·Revenue in 2018 was £63.5 million, £52.4 million excluding licence royalties. ·Gross margin of 38.5% was adversely impacted by the aggressive 58% decline in revenues from the Industrial segment, a reduction in revenues...
Revenue for the Group is expected to be £63.5 million and net cash was £27.9 million at year end.. Following a comprehensive review of consolidated Group results for the year to 31 December 2018, we expect to increase inventory and debtors provisions by £7 million subject to audit conclusion. The previously reported delays in ramp of new product volumes in...
RNS Number: 5939 R Xaar PLC 01 March 2019 Xaar plc. In accordance with the FCA's Disclosure and Transparency Rule 5.6. 1, Xaar plc announces that the Company's issued share capital consists of 78,334,296 ordinary shares of 10 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 8704 O Xaar PLC 01 February 2019 Xaar plc. In accordance with the FCA's Disclosure and Transparency Rule 5.6. 1, Xaar plc announces that the Company's issued share capital consists of 78,334,296 ordinary shares of 10 pence each. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
RNS Number: 0091 M Xaar PLC 02 January 2019 BLOCK LISTING SIX MONTHLY RETURN. Information provided on this form must be typed or printed electronically and provided to an ris.. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom.
Xaar Plc
XAR.L
Xaar Plc
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Company Profile

With each printhead dispensing millions of droplets per second, Xaar technologies deliver a range of benefits; these include unrivalled reliability, outstanding performance and process efficiencies which enable our customers to be more innovative, productive, competitive and creative. From digital inkjet printing for ceramic tile ​decoration, coding, graphics, labelling and packaging, to precision jetting for advanced manufacturing and industrial applications, our patented technologies have transformed​existing markets and have significant potential to disrupt others.​ With an uncompromising commitment to innovation, X​aar is driving piezoelectric drop-on-demand digital industrial manufacturing systems in new directions, opening up novel opportunities and creating more value for our customers.​​​​​​

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Locations

HQ
316 Cambridge Science Park
Milton Road
Cambridge
CB4 0XR
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