In today’s briefing:
- Amaero International Ltd – More milestones met, moving closer to commercialisation
- Structural Monitoring Systems – 80% of low-end revenue guidance covered
Amaero International Ltd – More milestones met, moving closer to commercialisation
- RaaS has published a flash comment on advanced materials manufacturing group Amaero International (ASX:3DA) following the company’s recent announcements that it has ordered its third EIGA and that it has secured Aerospace Quality Management System AS9100D accreditation for the Tennessee facility for the manufacturing and testing of metal powder and PM-HIP production, both important milestones on the path to commercialisation.
- We have already incorporated the company’s capex guidance in our forecasts so do not anticipate any change to our estimates from these announcements.
- Our base-case DCF valuation is $1.16/share, fully diluted, which represents potential capital upside of 346%.
Structural Monitoring Systems – 80% of low-end revenue guidance covered
- RaaS has published an update on vertically-integrated aviation designer and manufacturer Structural Monitoring Systems (ASX:SMN) following the company’s update on its guidance which suggests that 80% or $24m of the $30m low-end FY25 revenue guidance is now contracted.
- SMN has provided an update to FY25 guidance announced on November 1, where revenue was guided to $30m-$34m, +14% at the midpoint on FY24, and for EBITDA of between $7.6m and $9.1m, +300% at the midpoint on FY24.
- The update suggests 80% or $24m of the $30m low-end revenue guidance is now contracted following a successful year-end sales campaign for the new Forest Radio product.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
