Aurora Labs Limited (ASX:A3D) Reports Strong Revenue Growth in Half-Year
Financial Performance
Aurora Labs Limited reported revenues of $236,736 for the six months ended 31 December 2024, a 59% increase from $148,750 in the previous period. The loss after tax rose by 52% to $2,586,107 compared to $1,703,864 last year.
Operational Highlights
The company advanced its 200N and 400N thrust-class micro gas turbines using in-house 3D printing, reducing costs and speeding up prototyping. Aurora Labs secured its third contract from the Australian Department of Defence and received a $300,000 order for propulsion system components. The AL250 printer began production with Inconel Superalloy 625, expanding its material capabilities. Additionally, the company received a $640,002 Research and Development tax incentive.
Future Outlook
Looking ahead to 2025, Aurora Labs plans to finalize large-scale contracts for micro gas turbines and increase serialised production to drive cost efficiencies. The company will participate in upcoming airshows to showcase its technology and strengthen industry relationships.
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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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