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The latest update is out from K-TIG Ltd ( (AU:KTG) ).
In the December 2024 quarterly report, K-TIG Limited reported cash receipts of $390k from fulfilling customer orders, reflecting its operational focus on efficiency and growth. Significant developments include a $500k convertible note raise for working capital and the acquisition of Metal Powder Works, enhancing K-TIG’s capabilities in the additive manufacturing market. The acquisition is expected to bolster K-TIG’s market positioning by integrating Metal Powder Works’ DirectPowder™ technology, known for its high yield and consistency in metal powder production, into its operations. This strategic move is subject to shareholder approval, with a meeting scheduled for February 2025.
More about K-TIG Ltd
K-TIG Limited is a technology company specializing in industry-disruptive high-speed welding technology, aimed at transforming fabrication economics. The company provides turnkey welding systems and has recently ventured into advanced manufacturing through its acquisition of Metal Powder Works, which specializes in metal powders for additive manufacturing.
YTD Price Performance: 0.56%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$26.54M
For a thorough assessment of KTG stock, go to TipRanks’ Stock Analysis page.
