bullish
SMN earnings set for take off
SUMMARY
- RaaS has published an update on vertically-integrated aviation designer and manufacturer Structural Monitoring Systems (ASX:SMN) following the company's recent guidance for FY25 and $7.2m capital raise.
- FY25 revenue guidance is for $30m-$34m (RaaS was $35.5m), +14% at the midpoint on FY24, and for EBITDA of between $7.6m and $9.1m (RaaS forecast was $8.6m), +300% on the midpoint on FY24.
- A capital raise of up to $7.2m at $0.52/share is being used to fund new product R&D (60%), working capital (20%) and CVM certification (20%).
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