bullish
Structural Monitoring Systems - 80% of low-end revenue guidance covered
SUMMARY
- 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.
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