Titomic Ltd (AU:TTT) has released an update.
Titomic Ltd, an innovator in cold spray solutions, has reported a surge in its financial results for FY2024, with a 127% increase in customer sales revenue to $5.9 million and a 71% total revenue increase to $7.7 million. Despite a statutory net loss, the company is optimistic due to a growing order book, key global partnerships, and a strong interest from the aerospace and defense sector. Titomic’s advanced technology has led to significant deals with industry leaders, including a milestone sale of their high-pressure cold spray systems in the United States, and is poised for further growth in service and repair operations.
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