Supercapacitors specialist CAP-XX Limited (LON:CPX) said revenue for the year to June 30 will likely be up 15% at A$3.7mln, though it added that sales in the second half had been affected by a slowdown in shipments caused by the coronavirus pandemic.
The company flagged that it expects to post an underlying A$2mln loss, up from A$1.6mln a year earlier.
However, it added the order book “is greater than twice the level at the same point last year”.
“This increase has been driven by the medical, security and telecommunication market segments,” it went on.
Cash as of May 8 was A$4.4mln with a A$3.3mln payment from the Australian tax office expected in the fourth quarter.
Last year Cap-XX agreed to buy assets used in supercapacitor production lines from Japanese firm Murata Manufacturing
In its update, the company said it was confident it will have “sufficient cash to complete the integration” of the Murata operations, which it believes “will result in a significant uplift in revenues and ultimately positive cashflow from operations in due course”.