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Windar Photonics Achieves Record Revenue and Secures First Software Order

Story Highlights
  • Windar Photonics reported record revenue of €5.7 million for 2024.
  • The company secured its first pure software order, marking a milestone in recurring revenue transition.
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Windar Photonics Achieves Record Revenue and Secures First Software Order

Confident Investing Starts Here:

Windar Photonics ( (GB:WPHO) ) has issued an announcement.

Windar Photonics has reported record revenue of €5.7 million for 2024, despite some delivery delays, and anticipates strong trading in early 2025 due to rephased orders and a significant US market order. The company has also secured its first pure software order for the Windar Nexus OS, marking a milestone in its transition towards recurring revenues. Windar is making strides in offshore wind turbine deployment and strengthening its internal resources, supported by a successful £5.9 million placing, positioning it well for future growth.

More about Windar Photonics

Windar Photonics plc is a technology group specializing in LiDAR-assisted monitoring and optimization solutions for wind turbine platforms. The company focuses on providing turbine optimization and monitoring solutions across various markets including North America, Europe, Asia, and Australasia.

YTD Price Performance: -30.58%

Average Trading Volume: 39,881

Technical Sentiment Signal: Buy

Current Market Cap: £40.47M

See more data about WPHO stock on TipRanks’ Stock Analysis page.

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