Chrysos Corporation Limited (ASX:C79) Reports Strong Q2 FY25 Results
Financial Performance
Chrysos Corporation Ltd (ASX:C79) announced its Q2 FY25 results, highlighting an unaudited revenue of $15.3 million, which marks a 12% increase quarter-on-quarter (QoQ) and a 53% increase year-on-year (YoY). The increase is attributed to growing international revenue and sample volume growth, with sample volumes rising to 1.6 million, indicating an 18% QoQ and 53% YoY increase.
Operational Highlights
The company reported strong sales momentum, signing two new contracts with OceanaGold Corporation and SGS, building on four contracts secured in the previous quarter. This brings the total contracted units to 56 and enhances Chrysos’s international footprint. During the quarter, three new units were deployed at strategic locations including Barrick-Newmont NGM, further reinforcing market share across key mining areas.
CEO Comments
Dirk Treasure, Managing Director and CEO of Chrysos Corporation, stated, “Our significant sales success continued into the second Quarter of FY25 with two new contracts signed, building on four new contracts in the first Quarter. This momentum reflects the ongoing market penetration of our PhotonAssay technology and the efficacy of our customer diversification strategy.” He also expressed confidence in achieving the FY25 guidance of $60-$70 million in revenue and $9-$19 million in EBITDA.
Cash Position and Future Outlook
Chrysos Corporation ended the quarter with a strong cash position of $26.6 million and $95 million in undrawn debt facilities, which will support the ongoing growth of its PhotonAssay technology. The company remains well-funded and fully committed to capturing the potential industry cycle upturn while preparing for expanded global operations.
Chrysos Corporation (ASX:C79) reports strong growth in Q2 FY25, with 12% revenue growth and robust international expansion.
Motley Fool contributor Kiarra Jackson 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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