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An update from K-TIG Ltd ( (AU:MPW) ) is now available.
Metal Powder Works Limited announced the completion of its acquisition of Metal Powder Works Inc, with the latter identified as the accounting acquirer in a reverse acquisition. The financial statements reflect this change, with the goodwill from the legacy KTIG business written off, increasing the loss before tax by $1,963,263. Despite this, the company states that the write-off does not materially affect its current or future financial performance or position.
More about K-TIG Ltd
Metal Powder Works Limited (ASX: MPW) is a company specializing in the production of high-quality metal powders for additive manufacturing and other advanced applications. With a manufacturing base in Pittsburgh, USA, the company has developed a patented non-thermal powder production process called DirectPowder™, which significantly improves yield and affordability. MPW offers a range of powders, including high-strength aluminum, copper and copper-nickel alloys, and specialty alloys like CP-Ti and Zircaloy. In 2024, it was recognized as Material Company of the Year by the 3D Printing Industry Awards.
Average Trading Volume: 401,079
Technical Sentiment Signal: Hold
Current Market Cap: A$611.8M
For a thorough assessment of MPW stock, go to TipRanks’ Stock Analysis page.