4 stories mentioning ASX:XRFUpdated 38d ago
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XRF Scientific (ASX:XRF) has completed the acquisition of the combustion gas analysis business from Bruker AXS, according to a Monday Australian bourse filing.The company entered a binding agreement to acquire the combustion gas analysis business for $4 million upfront plus a potential $1 million earnout based on 7% of net revenue over three years, an earlier filing showed.
XRF Scientific (ASX:XRF), via its wholly-owned unit XRF Technology (WA), entered into a binding asset purchase agreement with Bruker AXS to acquire its combustion gas analysis business for a total upfront cash consideration of $4 million, according to a Thursday Australian bourse filing.An earnout of up to $1 million will be payable, based on a rate of 7% of net combustion gas analysis business revenue for three years after completion.Under the deal, certain product names such as "G4 Icarus" will be transferred to the firm and branded as XRF Scientific. The combustion gas analysis products are currently manufactured in Germany, and production will be transferred to XRF's factory in Perth, Australia.The completion of the deal is expected to occur imminently within the week.Its shares rose 4% in recent trading on Thursday.
XRF Scientific (ASX:XRF) delivered a fiscal third-quarter trading update broadly in line with expectations, supporting unchanged full-year estimates, driven by strength in consumables and momentum in capital equipment, Euroz Hartleys said in a Wednesday note.The company reported that pre-tax profit for the March quarter rose nearly 11% to AU$3.7 million from AU$3.4 million a year earlier, while revenue increased 14% to AU$15.8 million from AU$13.9 million.The firm noted that consumables drove the quarter, with revenue of AU$4.8 million supported by strong Asian demand, record March volumes, and a healthy AU$1 million order book expected to roll into the fourth quarter due to near-immediate fulfilment.The firm highlighted that capital equipment revenue rose 20% year-on-year to AU$5.4 million, driven by strong Orbis crusher activity contributing AU$2.5 million, with gold sector demand supporting continued momentum into the next quarter.The firm stated that precious metals sales rose 14% year-on-year to AU$5.6 million, helped by stronger period-end demand as platinum prices eased, with softer pricing supporting new product sales.The firm remained positive on the stock, citing sustained growth prospects supported by rising production, stronger international demand, a solid equipment pipeline, and potential accretive acquisitions.Euroz Hartleys maintained its buy recommendation and AU$2.21 price target on XRF Scientific.
XRF Scientific (ASX:XRF) said pre-tax profit for the March quarter rose nearly 11% to AU$3.7 million from AU$3.4 million a year earlier, with revenue up 14% to AU$15.8 million from AU$13.9 million, according to a Wednesday Australian bourse filing.The company said its new office in India became operational during the quarter, with first customer orders received in March for invoicing in the June quarter, and the opening is expected to generate additional momentum for sales development.The company's shares rose past 4% in recent Wednesday trade.
