XP Factory Plc

XPF

GB00BDB79J29

Leisure & Recreation

Market Closed - London S.E. Other stock markets 11:35:25 2024-04-26 am EDT			5-day change	1st Jan Change
14 ^GBX	0.00%		+1.82%	-20.00%

Mar. 19	XP Factory narrows annual loss as Boom Battle Bar revenue triples	AN
Mar. 19	XP Factory Plc Reports Earnings Results for the Full Year Ended December 31, 2023	CI

XP Factory narrows annual loss as Boom Battle Bar revenue triples

March 19, 2024 at 05:28 am EDT

(Alliance News) - XP Factory PLC on Tuesday reported a reduced pretax loss in 2023, as sales almost doubled to generate "significant" revenue growth.

The Crawley, England-based entertainment company, which operates under the Boom Battle Bar and Escape Hunt brands made a loss before tax of GBP535,000, narrowed from a GBP1.1 million loss in 2022.

Revenue nearly doubled to GBP44.7 million from GBP22.8 million.

This growth was primarily driven by the Boom Battle Bar business, which saw revenue triple to GBP28.6 million from GBP9.5 million, whereas revenue generated by the Escape Hunt business grew by just 38% to GBP13.5 million from GBP9.8 million.

The company continues to pay no dividend, as it is loss-making.

Chief Executive Richard Harpham said: "I'm delighted with the company's performance over the last 12 months, and doubling in scale for the second year running is testament to the extraordinary efforts of our team. Both brands have significant runways ahead of them, and I'm excited to have such a robust foundation in place from which to grow further."

While XP Factory continued to expand the business with the opening of four new owner-operated sites that contributed to sales growth over the period, it stressed that "most was driven by the underlying momentum in the business."

Looking ahead, XP Factory hopes to continue making progress across its strategic priorities and maximise the UK footprint by rolling out both brands, either through direct investment into owner-operated

sites or through franchise arrangements. It said it aims to accelerate growth in international territories using the franchise model, whilst developing new products and exploiting synergies throughout the business.

The company said it remains confident following continued growth in the first 10 weeks of 2024, and a pipeline for further site openings has been developed.

Shares in XP Factory were up 1.7% to 15.00 pence in London on Tuesday morning.

By Elijah Dale, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about XP Factory Plc

XP Factory narrows annual loss as Boom Battle Bar revenue triples	Mar. 19	AN
XP Factory Plc Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 19	CI
XP Factory revenue doubles; Zotefoams trades in line	Jan. 18	AN
FTSE 100 Closes Down 0.46% Weighed by Real Estate	23-09-27	DJ
XP Factory more than doubles revenue and eyes further expansion	23-09-27	AN
Earnings Flash (XPF.L) XP FACTORY Posts H1 Revenue GBP18.7M	23-09-27	MT
Earnings Flash (XPF.L) XP FACTORY Posts H1 EPS GBX1.58	23-09-27	MT
XP Factory Plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-27	CI
XP Factory reports "transformational growth" in half year revenue	23-08-04	AN
XP Factory Plc Announces Change of Financial Year End from 31 December to 31 March	23-08-04	CI
XP Factory Plc Announces Change of Registered Office	23-07-31	CI
Certain Ordinary Shares of XP Factory Plc are subject to a Lock-Up Agreement Ending on 15-JUL-2023.	23-07-14	CI
FTSE 100 Closes Tuesday Down 0.1% as US Debt-Ceiling Talks Stall	23-05-23	DJ
Gilt Market Participants Favor Re-Opening of Index-Linked 2045 Gilt, DMO Says	23-05-23	DJ
Sterling May Have Limited Scope to Rise Due to Rate Expectations	23-05-23	DJ
Sterling Edges Lower After UK PMI Data	23-05-23	DJ
XP Factory reports on "transformational" year as annual revenue grows	23-05-23	AN
FTSE 100 Falls as Traders Cautious Amid US Debt Ceiling Talks	23-05-23	DJ
Earnings Flash (XPF.L) XP FACTORY Posts FY22 Revenue GBP22.8M	23-05-23	MT
Earnings Flash (XPF.L) XP FACTORY Posts FY22 Loss GBX-0.66	23-05-23	MT
XP Factory Plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-23	CI
XP Factory Plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-23	CI
FTSE 100 Closes Down 0.2%, Aviva Leads Gains	23-01-25	DJ
EasyJet Must Do More Than Just Ride the Recovery	23-01-25	DJ
XP Factory hails "transformational" year on revenue jump	23-01-25	AN

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Company Profile

XP Factory plc is a United Kingdom-based company that operates pre-eminent experiential leisure businesses. The Company operates two leisure brands including Escape Hunt and Boom Battle Bar. Escape Hunt is engaged in providing escape-the-room experiences delivered through a network of owner-operated sites in the United Kingdom, an international network of franchised outlets in approximately five continents, and through digitally delivered games which can be played remotely. Boom Battle Bar is a network of owner-operated and franchise sites in the United Kingdom that combine competitive socializing activities with themed cocktails, drinks and street food setting. Its activities include a range of games, such as augmented reality darts, Bavarian axe throwing, crazier golf, shuffleboard and others.

Sector

Leisure & Recreation

Calendar

2024-09-24 - Q2 2024 Earnings Release (Projected)

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