Titomic Accelerates Growth with U.S. Expansion and Revenue Surge

Titomic Ltd ( (AU:TTT) ) just unveiled an update.

Titomic Limited has announced its financial results for the half-year ending December 2024, highlighting significant achievements including a successful AUD 30 million capital raise to support U.S. expansion, securing Huntsville, Alabama as its U.S. operations base, and a 61% year-on-year revenue growth to AUD 3.7 million. The company has made strategic leadership appointments and secured substantial purchase orders in the aerospace and defense sectors, while also advancing its cold spray technology across multiple industries. Titomic is pivoting towards a service-oriented business model, aiming to deepen customer relationships and unlock long-term revenue streams, positioning itself as a leader in high-value, high-growth global markets.

More about Titomic Ltd

Titomic Limited is a global leader in industrial-scale metal additive manufacturing, specializing in Cold Spray Additive Manufacturing (Cold Spray AM). With operations across Australia, the U.S., and Europe, Titomic delivers cutting-edge solutions for Aerospace, Defense, Shipbuilding, Oil & Gas, Mining, and Automotive industries.

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $204.8M

Learn more about TTT stock on TipRanks’ Stock Analysis page.