Silex Systems Limited ( (SILXF) ) has released its Q2 earnings. Here is a breakdown of the information Silex Systems Limited presented to its investors.
Silex Systems Limited is an Australian technology commercialization company focusing on the development of its SILEX laser enrichment technology, primarily for the nuclear fuel industry, with additional applications in quantum computing and medical isotopes. In its latest earnings report for the half-year ended December 31, 2024, Silex Systems reported a 19.7% increase in revenue from ordinary activities, reaching $6.7 million. However, the company also recorded a net loss of $18.1 million, a significant increase from the previous year’s loss, largely due to increased activities and associated costs at Global Laser Enrichment LLC (GLE), its joint venture partner.
The company’s financial performance was marked by an increase in revenue from recoverable project costs and other income, including government grants and research incentives. Despite these gains, Silex’s share of GLE’s net loss rose considerably, reflecting heightened project activity. The company’s cash and term deposits decreased by $19.9 million during the period, with net cash inflows from operating activities slightly positive at $0.6 million.
Silex Systems’ balance sheet remains robust, with total assets of $122.8 million and no corporate debt. The company continues to invest in its joint venture with GLE, contributing to the development of the SILEX uranium enrichment technology. Looking ahead, Silex Systems is poised to continue its strategic focus on advancing its core technologies, with management maintaining a cautious yet optimistic outlook on the potential commercial applications of its innovations.