Tan Delta Systems PLC (GB:TAND) has released an update.
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Tan Delta Systems PLC has reported a strong first half of 2024 with significant investments leading to a robust sales pipeline valued at over £14 million, up from £2.5 million at the end of the prior year. The company expects H1-24 revenues of £0.65m with a 61% gross margin, despite operating losses, and remains confident in fulfilling market expectations for the full year. With an expanded production facility and increased sales activities, Tan Delta is poised for growth in servicing large industrial and automotive markets with their intelligent monitoring systems.
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