The Cambridge-based company had year-end net cash and liquid resources of more than 8m, up 35% on June 2003, but down 19% compared to December 2002.
In June last year Xaar recorded a pre-tax loss of 2.1m on a turnover of 13.6m for the first six months of the year.
Xaar also announced that it has signed a five-year research, development and manufacturing memorandum of understanding with an unnamed major partner.
The agreement covers Xaars second-generation printhead OmniDot, which both parties will be able to sell to their respective markets. Manufacture of the OmniDot will begin in the second half of this year with volume production expected in 2005.
Printheads developed under the agreement will be manufactured by Xaar at its plant in Jarfalla, Sweden.
by John Davies
Have your say in the Printweek Poll
Related stories
Latest comments
"And here's me thinking they bought the Docklands Light Railway."
"15 x members? Why don't they throw their lot in with the Strategic Mailing Partnership (SMP) and get a louder voice?"
"Some forty plus years ago I was at a "sales" training seminar and got chatting to the trainer after the session had finished.
In that conversation he told me about another seminar he had..."
Up next...

Customer demand increasing
A4 Laser Labels expands with larger site and kit investment

Price rises in US 'to at least partially offset' costs
Cimpress withdraws guidance due to Trump's tariffs

Proceeds to be invested in growth strategy
James Cropper sells some specialist IP

Making changes to limit tariff impact in US