Welcome to our dedicated page for SILYNXCOM news (Ticker: SYNX), a resource for investors and traders seeking the latest updates and insights on SILYNXCOM stock.
Silynxcom Ltd (SYNX) delivers mission-critical communication solutions for defense and security operations worldwide. This dedicated news hub provides authorized updates on the company's ruggedized tactical headsets and field-tested communication systems.
Access official press releases covering product certifications, military contract awards, and technology enhancements for in-ear headset devices. Investors and industry professionals will find timely updates on:
• New product deployments with armed forces and emergency response units
• Strategic partnerships enhancing tactical communication ecosystems
• Technological advancements in secure audio transmission and noise suppression
• Operational milestones demonstrating field reliability under extreme conditions
All content is sourced directly from Silynxcom's corporate communications, ensuring accuracy for stakeholders monitoring the specialized tactical communications market. Bookmark this page for verified updates about SYNX's solutions protecting personnel in high-risk environments.
Silynxcom (SYNX) estimates revenue growth of over 100% for Q1 2024, with preliminary unaudited revenue at $3.525 million and cash equivalents of $4.353 million. The company attributes the success to expanded marketing efforts, increased customer base, and new innovative products. Geopolitical events have also driven demand for tactical communication solutions.
Silynxcom (NYSE American: SYNX) announced an expanded collaboration with 3M PELTOR, a global leader in over-the-ear headsets, to include the Peltor ComTac™ VIII Headset. This innovative product offers improved sound protection, design, and user application for noise-intense environments. The collaboration aims to enhance communication solutions for tactical environments, integrating Silynxcom's advanced systems with Peltor's headsets.
Silynxcom (SYNX) announced its 2023 annual results, showcasing positive cash flow and revenue growth. The company raised $5 million through an IPO, increasing year-end cash balance to $568 thousand. Operating loss was $2.8 million, with non-IFRS operating profit at $1.4 million. Net loss was $2.8 million, compared to a net income of $1.8 million in 2022. Revenues for 2023 reached $7.6 million, up 5% from the previous year, reflecting business expansion and market adoption.
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