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Orbital Corporation Limited ( (AU:OEC) ) just unveiled an announcement.
Orbital Corporation Ltd reported a positive operating cash flow of $0.7 million for the quarter ending March 2025, with cash, trade receivables, and undrawn loan facilities totaling $5.1 million. The company is advancing its development of a new larger capacity engine, which has reached the prototype stage, and maintains a current order book of 67 engines, indicating a strong market demand and potential growth in the UAV sector.
More about Orbital Corporation Limited
Orbital UAV provides integrated propulsion systems and flight critical components for tactical uncrewed aerial vehicles (UAVs). The company leverages its design thinking and patented technology to meet the long endurance and high reliability requirements of the UAV market, with offices in Australia and the United States to serve a prestigious client base.
YTD Price Performance: -20.0%
Average Trading Volume: 160
Technical Sentiment Signal: Strong Buy
Current Market Cap: $9.85M
For a thorough assessment of OEC stock, go to TipRanks’ Stock Analysis page.