Silynxcom Estimates Record Annual Revenue of Approximately $9.2 million in 2024
Silynxcom (NYSE American: SYNX) has announced preliminary unaudited financial results for 2024, reporting estimated record revenue of $9.2 million, representing a growth of over 20% compared to 2023. The company, which manufactures ruggedized tactical communication headset devices, reported cash and cash equivalents of $3.2 million as of December 31, 2024.
CEO Nir Klein attributed this performance to their growing position in the defense market, highlighting ongoing collaborations with key customers including the U.S. Air Force and Israel Defense Forces. The company's growth strategy encompasses new product introductions and territorial expansion. These figures are preliminary estimates subject to completion of financial closing procedures and annual audit.
Silynxcom (NYSE American: SYNX) ha annunciato i risultati finanziari preliminari non verificati per il 2024, riportando un fatturato record stimato di 9,2 milioni di dollari, con una crescita di oltre il 20% rispetto al 2023. L'azienda, che produce dispositivi di comunicazione tattica robusti, ha riportato disponibilità liquide e equivalenti per 3,2 milioni di dollari al 31 dicembre 2024.
Il CEO Nir Klein ha attribuito questa performance alla crescente posizione dell'azienda nel mercato della difesa, evidenziando le collaborazioni in corso con clienti chiave, tra cui l'U.S. Air Force e le Forze di Difesa Israeliane. La strategia di crescita dell'azienda comprende l'introduzione di nuovi prodotti e l'espansione territoriale. Questi dati sono stime preliminari soggette al completamento delle procedure di chiusura finanziaria e all'audit annuale.
Silynxcom (NYSE American: SYNX) ha anunciado resultados financieros preliminares no auditados para 2024, reportando unos ingresos récord estimados de 9,2 millones de dólares, lo que representa un crecimiento de más del 20% en comparación con 2023. La empresa, que fabrica dispositivos de auriculares de comunicación táctica robustos, informó que tenía liquidez y equivalentes de 3,2 millones de dólares al 31 de diciembre de 2024.
El CEO Nir Klein atribuyó este desempeño a su creciente posición en el mercado de defensa, destacando las colaboraciones en curso con clientes clave, incluidos la Fuerza Aérea de EE. UU. y las Fuerzas de Defensa de Israel. La estrategia de crecimiento de la empresa abarca nuevas introducciones de productos y expansión territorial. Estas cifras son estimaciones preliminares sujetas a la finalización de los procedimientos de cierre financiero y auditoría anual.
실린크스컴 (NYSE American: SYNX)은 2024년 비감사 예비 재무 결과를 발표하며, 920만 달러의 기록적인 수익을 보고하여 2023년 대비 20% 이상의 성장을 기록했습니다. 견고한 전술 통신 헤드셋 장치를 제조하는 이 회사는 2024년 12월 31일 기준으로 320만 달러의 현금 및 현금성 자산을 보고했습니다.
CEO 니르 클라인은 미국 공군 및 이스라엘 방위군과의 주요 고객과의 지속적인 협력을 강조하며 이 성과를 방산 시장에서의 성장 위치에 기인한다고 언급했습니다. 회사의 성장 전략은 새로운 제품 출시와 지역 확장을 포함합니다. 이러한 수치는 재무 마감 절차 완료 및 연례 감사 대상인 예비 추정치입니다.
Silynxcom (NYSE American: SYNX) a annoncé des résultats financiers préliminaires non audités pour 2024, rapportant un chiffre d'affaires record estimé à 9,2 millions de dollars, représentant une croissance de plus de 20 % par rapport à 2023. L'entreprise, qui fabrique des appareils de communication tactique robustes, a déclaré avoir des liquidités et équivalents de 3,2 millions de dollars au 31 décembre 2024.
Le PDG Nir Klein a attribué cette performance à la position croissante de l'entreprise sur le marché de la défense, mettant en avant les collaborations en cours avec des clients clés, y compris l'armée de l'air américaine et les forces de défense israéliennes. La stratégie de croissance de l'entreprise englobe le lancement de nouveaux produits et l'expansion territoriale. Ces chiffres sont des estimations préliminaires soumises à l'achèvement des procédures de clôture financière et de l'audit annuel.
Silynxcom (NYSE American: SYNX) hat vorläufige, ungeprüfte Finanzzahlen für 2024 veröffentlicht und berichtet von einem geschätzten Rekordumsatz von 9,2 Millionen US-Dollar, was einem Wachstum von über 20 % im Vergleich zu 2023 entspricht. Das Unternehmen, das robuste taktische Kommunikationsheadsets herstellt, meldete zum 31. Dezember 2024 liquide Mittel und flüssige Mittel in Höhe von 3,2 Millionen US-Dollar.
CEO Nir Klein führte diese Leistung auf die wachsende Stellung des Unternehmens im Verteidigungsmarkt zurück und hob die laufenden Kooperationen mit wichtigen Kunden hervor, darunter die U.S. Air Force und die Israelischen Streitkräfte. Die Wachstumsstrategie des Unternehmens umfasst die Einführung neuer Produkte und die territoriale Expansion. Diese Zahlen sind vorläufige Schätzungen, die der Vollziehung der Abschlussverfahren und der jährlichen Prüfung unterliegen.
- Record revenue of $9.2 million in 2024
- 20% year-over-year revenue growth
- Strong cash position of $3.2 million
- Ongoing contracts with major military customers (U.S. Air Force, Israel Defense Forces)
- Figures are preliminary and subject to audit adjustments
Insights
The preliminary financial results from Silynxcom showcase substantial growth with
The company's cash position of
Key contracts with the U.S. Air Force and Israel Defense Forces provide stable revenue streams and validate the company's product quality in the defense sector. However, investors should note these are preliminary unaudited figures and final audited results could differ.
Silynxcom's performance reflects the growing demand for advanced tactical communication systems in modern military operations. The company's success in securing contracts with both U.S. and Israeli defense forces demonstrates its products' cross-market appeal and compliance with stringent military specifications.
The tactical communication headset market is experiencing increased demand due to military modernization programs globally. Silynxcom's
The expansion into new territories mentioned by management could potentially include NATO allies, as there's increasing standardization of communication equipment among alliance members. This market position and growth trajectory suggest strong potential for continued expansion in the defense sector.
Netanya, Israel, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices, today announced preliminary unaudited year-end financial results for the twelve months ended December 31, 2024.
On a preliminary unaudited basis, Silynxcom is reporting a strong performance for 2024, highlighting accelerated operational and business growth including:
- Revenue estimated at
$9.2 million in 2024, representing an increase of more than20% compared to 2023; and
- Cash and cash equivalents as of December 31, 2024 totaled
$3.2 million .
“We are thrilled to announce record-breaking annual revenue of over
The above figures represent preliminary, unaudited estimates with respect to certain results of the Company for the full year ended December 31, 2024, based on currently available information. Because the audit for 2024 is not yet complete, the Company’s final results may vary from the preliminary estimates. While these estimates are subject to the completion of the Company’s financial closing procedures and the annual audit, the Company does not expect its actual results to differ materially from these preliminary estimates. The foregoing forward-looking statements reflect the Company’s expectations as of today’s date.
About Silynxcom Ltd.
Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company’s in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company’s In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company’s products based on actual feedback from soldiers and police officers “in the field.” The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. For example, the Company uses forward-looking statements when it discusses: its expectations for its 2024 financial performance, including its projected revenue and cash position; its plans for future growth, including new product introductions and geographic expansion; its ability to maintain and grow collaborations with key customers; and its positioning and leadership in the defense sector. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended December 31, 2023 filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 30, 2024, and other documents filed with or furnished to the SEC which are available on the SEC’s website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
INVESTOR RELATIONS CONTACTS:
Michal Efraty
IR Manager
ir@silynxcom.com
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