Adacel Technologies (ASX: $ADA) FY2024 Financial Performance and FY2025 Outlook

Adacel Technologies Limited (ASX: $ADA) has released its FY2024 financial results, reporting a revenue of $31 million with a normalized EBITDA of $1.1 million. The company experienced a non-cash impairment charge of $1.9 million and restructuring costs of $0.6 million. The gross margin for FY2024 stood at 23.4%, reflecting a decrease compared to the prior year. Looking ahead to FY2025, Adacel anticipates a normalized EBITDA of between $4 million and $5 million, assuming the continued delivery of the FAA Hardware Support Contract despite the current status of the protest.

Executive Commentary on FY2024 Performance and FY2025 Outlook

The FY2024 results reflect our commitment to delivering growth and value to our stakeholders. Despite the challenges faced, we are optimistic about the outlook for FY2025, with a focus on the continued delivery of the FAA Hardware Support Contract and the anticipation of a new Aurora ATM contract win. We remain dedicated to driving sustainable performance and seizing opportunities for growth in the air traffic management and simulation industry.

Summary of FY2024 Performance and FY2025 Outlook

Adacel Technologies (ASX: $ADA) reported a revenue of $31 million for FY2024, with a normalized EBITDA of $1.1 million. The company experienced a non-cash impairment charge of $1.9 million and restructuring costs of $0.6 million. Looking ahead to FY2025, Adacel anticipates a normalized EBITDA of between $4 million and $5 million, assuming the continued delivery of the FAA Hardware Support Contract despite the current status of the protest. The company remains focused on driving sustainable performance and seizing growth opportunities in the air traffic management and simulation industry, with a strong pipeline and a commitment to delivering value to its stakeholders.