Amaero International Limited (ASX:3DA) Reports December Quarter Results
Financial Performance
Amaero International Limited (ASX:3DA) reported revenue of A$630,000 for the December Quarter. This revenue comprised approximately A$405,000 from powder sales and A$225,000 from Powder Metallurgy Hot Isostatic Pressing (PM-HIP) manufacturing. Additionally, the company secured a cash payment of A$235,000 from The Tennessee Valley Authority (TVA) via a performance grant associated with its incentive programs. As of 31 December 2024, Amaero maintained a cash balance of A$19.5 million.
Capital Raising Initiatives
During the Quarter, Amaero completed Tranche 2 of its upsized A$25 million institutional placement, successfully raising approximately A$5.1 million. The placement, which saw strong investor demand, will fund capital equipment purchases, including enhancements to its Tennessee headquarters. Through this move, Amaero solidifies its position as a leading U.S. domestic producer of C103, refractory, and specialty alloy powder for additive manufacturing.
Long-Term Supply Agreements and Accreditations
Amaero signed a three-year supply agreement with The Perryman Company for U.S.-melt and forged titanium alloy bar. This contract will ensure a reliable and scalable feedstock needed for its powder atomization processes. Furthermore, Amaero received the AS9100D Accreditation for its Tennessee facility, signifying its compliance with stringent standards in aerospace quality management.
Production Advancements
Amaero has ordered a third EIGA Premium atomizer and is on schedule to commission its second atomizer by June 2025. This strategic addition to its manufacturing capabilities underscores the company’s commitment to expanding its production of high-quality metal powders.
Board Developments and Future Outlook
Following the recent AGM, Amaero welcomed Alistair Cray as a Non-Executive Director, succeeding Lucy Robb Vujcic. In a transition towards enhanced leadership, the company has also secured a significant A$37.8 million loan from the U.S. Export-Import Bank, reinforcing its financial standing moving into 2025.
Hank J. Holland, Chairman and CEO of Amaero, stated, “The December quarter included important progress on numerous initiatives in readiness for Amaero’s transition to commercialisation.” He remarked on the strong financial foundation with a cash balance of A$19.5 million and highlighted upcoming projects expected to align with U.S. policy initiatives that drive re-shoring.
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