Cybergun SA Reports Strong Military Division Growth

Cybergun SA (FR:ALCYB) has released an update.

Cybergun SA reported better than expected 2023 annual results, with a slight 1.5% dip in consolidated revenue to €42.7 million and a net loss of €14.6 million, an improvement over initial estimates. Despite a decline in the Civil division, the Military division grew by 47%, and new financing after year-end helped limit cash consumption.

For further insights into FR:ALCYB stock, check out TipRanks’ Stock Analysis page.