CXL -3.3%: FY23 results today show the progress Calix is making in commercializing a number of green industrial solutions, supported by a strong balance sheet as they come to market. Revenue was up 42% to $29.6m with margins up, driven by their water business. The opportunity is elsewhere though, mainly in cement & lime as well as chemical processing. They signed their first licence agreement for Leilac with a second project on the way and plenty of others in the pipeline. The company recently agreed to a deal with Pilbara Minerals (PLS) for a midstream lithium processing plant, supported by a $20m Australian Government grant while Pilbara will contribute an oversized share of the capex. The company has ~$75m in cash which supports further investment in new and existing projects as they start to commercialize the technology.
scroll
Buy Hold Sell: The best and worst performers of FY25
Close
Tuesday 8th July – Dow down -422pts, SPI off -47pts
Close
MM is long and staying patient with CXL
Add To Hit List
Relevant suggested news and content from the site

Video
WATCH
Buy Hold Sell: The best and worst performers of FY25
James Gerrish & Henry Jennings

Podcast
LISTEN
Tuesday 8th July – Dow down -422pts, SPI off -47pts
Daily Podcast Direct from the Desk
Members only
UNLOCK MARKET MATTERS NOW
Take a free trial.
No payment details required.