Silynxcom Announces Results for First Half of 2024; Significant Revenue Growth and Improvement in Gross Margin
Silynxcom Ltd. (SYNX)
Company Research
Source: GlobeNewswire
NETANYA, Israel, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) (“Silynxcom” or the “Company”), a manufacturer and developer of ruggedized tactical communication headset devices as well as other communication accessories, reported its consolidated financial results as of and for the six months ended June 30, 2024. Key Financial Highlights for the First Half of 2024: Revenues - for the six months ended June 30, 2024 were $5,356 thousand, an increase of 73% from the equivalent period in 2023.Gross profit - for the six months ended June 30, 2024 was $2,650 thousand, an increase of 121% from the equivalent period in 2023.Gross margin for the six months ended June 30, 2024 was 49.47%, compared to 38.59% in the equivalent period in 2023.Cash and Cash Equivalents - On January 17, 2024, Silynxcom successfully completed its initial public offering (the “IPO”), raising $5 million in gross proceeds by issuing 1.25 million ordinary shares, adding to a cash and cash equ
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SYNX
News
- Silynxcom Receives Order from the U.S. Air Force for Innovative Headsets [Yahoo! Finance]Yahoo! Finance
- Silynxcom Receives Order from the U.S. Air Force for Innovative HeadsetsGlobeNewswire
- Silynxcom Announces $740,000 in Orders for Tactical Communication Equipment from The Israel Defense ForcesGlobeNewswire
- Silynxcom Receives Order from High-Level Security Agency for its Flagship In-Ear HeadsetsGlobeNewswire
- Silynxcom Secures Three Orders from Law Enforcement in Germany and Switzerland [Yahoo! Finance]Yahoo! Finance
SYNX
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- SYNX's page on the SEC website