Chrysos Corporation Limited (ASX:C79) AGM Presentation Highlights
Operational Highlights
Chrysos Corporation Limited (ASX:C79) reported a remarkable 69% growth in revenue for FY24, reaching $45.4 million. The company has achieved a 156% increase in EBITDA, now at $9 million, driven by economies of scale and an improving EBITDA margin of 20%. Chrysos maintains an operating cash flow positive position, with a cash reserve of $47.5 million to support ongoing PhotonAssayTM unit growth.
Chrysos has successfully deployed nine units in FY24 and continues to expand its market presence with 55 contractually committed PhotonAssayTM units. The latest quarter (Q1 FY25) recorded a further 30% year-over-year increase in samples processed, evidencing sustained demand for its innovative assay technology.
Future Guidance
Looking ahead, Chrysos is on track to achieve FY25 revenue guidance between $60 million to $70 million, with an EBITDA forecast ranging from $9 million to $19 million. The ongoing international adoption of PhotonAssayTM, notably in markets outside the Asia-Pacific region which currently contributes over 55% of total revenue, positions the company for continued growth.
Environmental and Safety Commitments
Chrysos’ PhotonAssayTM technology also delivers significant environmental benefits, having reduced hazardous waste and CO2 emissions, akin to taking over 1,300 cars off the road for a year. The technology eliminates the use of hazardous chemicals and enhances operator safety by removing lead exposure risks associated with traditional assaying methods.
Executive Insights
Dirk Treasure, Managing Director and CEO of Chrysos Corporation, stated, “Our substantial growth reflects the global miners’ acceptance of our PhotonAssayTM technology. We are well-positioned to leverage our innovative assay services as we continue to expand our footprint in the mining sector.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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