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Aurora Labs Ltd. ( (AU:A3D) ) has issued an update.
Aurora Labs Ltd. reported significant progress in its operations for the quarter ending December 30, 2024. The company secured a novel propulsion engine contract with the Commonwealth Government and received a third contract for advanced materials printing from Defence. The successful capital raising will support the expansion of print capabilities for future Defence print works. Aurora Labs is scaling up production of its micro gas turbines, with strong customer interest indicating future orders. The company’s Industrial Print Services Bureau saw a strong quarter, highlighted by a $300,000 purchase order from the Commonwealth Government, reinforcing its role as a leader in sovereign manufacturing.
More about Aurora Labs Ltd.
Aurora Labs Ltd. is a company operating in the advanced manufacturing and industrial printing services industry. It specializes in laser powder bed fusion machines and printed propulsion systems, focusing on supplying the Defence sector, as well as the resources and oil & gas industries.
YTD Price Performance: -22.50%
Average Trading Volume: 20,574
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €19.11M
Learn more about A3D stock on TipRanks’ Stock Analysis page.
