Silynxcom Ltd. (SYNX) has released an update.
Silynxcom Ltd., a tactical communication device manufacturer, has reported a robust 2023 with an increase in revenue to $7.6 million and a positive cash flow, reflecting strong market expansion and financial stability. Despite an operating loss due to increased R&D and market expansion costs, the company’s cash reserves grew significantly, bolstered by a successful IPO in early 2024. Key collaborations and entry into new markets, alongside securing substantial orders from defense and law enforcement units, signal ongoing growth and strategic advancements.
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