CAP-XX (CPX) H2 2024 earnings summary

Executive summary

• Achieved robust sales growth in FY24, with revenue rising 26% year-over-year to A$4.6 million, exceeding internal expectations despite global economic and supply chain challenges.

• Transformation initiatives included new leadership, expanded distribution, and a focus on customer-centricity, driving operational efficiency and market reach.

• Three new product lines (SMT, DMH, 3V supercapacitors) were developed, targeting high-growth applications in IoT, automotive, and industrial sectors.

• Strategic partnerships and capital raises post-year-end further strengthen the company’s financial and operational position.

Financial highlights

• FY24 revenue: A$4.6 million, up from A$3.6 million in FY23 (26% increase).

• EBITDA loss: A$5.0 million, increased by A$0.4 million from FY23, mainly due to legal and restructuring costs.

• Adjusted EBITDA loss improved by A$0.2 million year-over-year, excluding non-recurring legal and restructuring costs.

• Net loss: A$5.99 million (FY23: A$5.56 million).

• Gross profit: A$1.38 million (FY23: A$1.57 million).

• Cash and cash equivalents at year-end: A$1.92 million.

Outlook and guidance

• Targeting cash flow breakeven by end of FY26, with continued focus on revenue growth and operational efficiency.

• Q1 FY25 revenue grew 36% year-over-year, driven by expanded distribution and new design-ins, especially in Europe.

• Profitability expected to improve as restructuring costs decrease and new products are commercialized.