Silynxcom sees FY24 revenue $9.2M, up 20% vs. last year

On a preliminary unaudited basis, Silynxcom (SYNX) is reporting a strong performance for 2024, highlighting accelerated operational and business growth including: Revenue estimated at $9.2 million in 2024, representing an increase of more than 20% compared to 2023; and Cash and cash equivalents as of December 31, 2024 totaled $3.2 million. “We are thrilled to announce record-breaking annual revenue of over $9.2 million for 2024, which we believe is a testament to our growing position in the defense market,” said Nir Klein, CEO. “Our continued collaboration with leading customers, including the U.S. Air Force and the Israel Defense Forces, highlights the trust placed in our innovative communication solutions. With the successful introduction of new products, expansion into new territories, and a steadfast commitment to delivering cutting-edge technology, we believe that we are well-positioned to sustain this momentum and further solidify our leadership in the defense sector.”