Orbital Corporation Limited ( (AU:OEC) ) has shared an announcement.
Orbital Corporation Limited reported its half-year financial results for the period ending December 31, 2024, highlighting a 43% drop in revenue to $4.8 million due to production delays and program completions. Despite this, the company achieved a significant increase in EBITDA and a net profit after tax, marking a turnaround from the previous year’s loss. Operational highlights include successful deliveries and contract extensions with major clients like Textron Systems and DSO National Laboratories, as well as a new contract with Dynamatic Technologies Limited for the Indian military. The company also completed a $2 million rights issue to support growth and development programs and is now debt-free with net assets of $13.1 million.
More about Orbital Corporation Limited
Orbital Corporation Limited, known as Orbital UAV, is a global leader in designing and manufacturing integrated engine systems for military drones. The company specializes in propulsion solutions that meet the rigorous performance requirements of unmanned aerial vehicles (UAVs), offering advanced spark ignition using heavy fuel, a necessity for military applications. With over 30 years of experience, Orbital UAV serves government agencies and Tier 1 suppliers in the global defense industry, focusing on markets in the USA, South-East Asia, and India.
YTD Price Performance: 30.0%
Average Trading Volume: 1,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $11.25M
See more data about OEC stock on TipRanks’ Stock Analysis page.
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