Adacel Technologies Limited (AU:ADA) has released an update.
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Adacel Technologies Limited experienced a challenging fiscal year 2024, reporting a revenue increase to $31.0 million from $27.3 million, yet facing a decline in gross margin and a loss before tax of $4.1 million, contrasting the previous year’s profit. Despite these setbacks, the company remains optimistic, citing a solid order book of $37.8 million and potential in its Remote Tower and other business sectors, and projects an EBITDA between $4.0 million and $5.0 million for FY2025.
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