Amaero International's financial milestone

Amaero International (ASX:3DA) has reported a milestone with its first quarter achieving material commercial revenue exceeding A$1.0 million for the period ending 30 September 2024. Key contributors to this revenue were A$600,000 from powder sales and A$450,000 from Powder Metallurgy Hot Isostatic Pressing (PM HIP) manufacturing. The company also received a cash grant of A$785,000 from the State of Tennessee.

Amaero International's strategic outlook

Amaero International has successfully reported its first quarter with significant commercial revenue, highlighting a strong start with over A$1.0 million in earnings. The company is strategically focusing on its role as a leading U.S. domestic producer of specialty AM powders, particularly C103. With the completion of a A$25.0 million institutional placement, Amaero is poised to fund capital equipment and facility improvements to support its strategic growth initiatives. Looking forward, the company aims to leverage its position in the defense and aerospace sectors, targeting EBITDA breakeven by FY2026. Amaero remains committed to addressing supply chain vulnerabilities and expanding its production capacity.

Executive insights on financial performance

'The financial performance for the September quarter marks significant commercial gains for Amaero. Our strategic developments, including the qualification of C103 AM powder with the ADDMAN Group, set the stage for long-term growth. The institutional placement will enable us to enhance our production capabilities and facility improvements, further solidifying our position in the market.'