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.
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Gerrish: The correction is done, we’re positioning for what comes next
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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
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Friday 9th May – Dow up +254pts, SPI up +3pts
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MM is long and staying patient with CXL
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Gerrish: The correction is done, we’re positioning for what comes next
The Market Matters lead portfolio manager talks the recent recovery, Trump, gold, and why he thinks there's plenty of opportunities.

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A discussion with Geoff Wilson – Wilson Asset Management & James Gerrish – Market Matters
Recorded Monday 31st March

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Friday 9th May – Dow up +254pts, SPI up +3pts
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