TLDR:
'The 2024 full year customer receipts of A$8.30 million.'
'Cash on hand at 30 June 2024 was $7.79 million'.
'AML3D’s President and CEO of US Operations Pete Goumas is actively building out the US direct sales and technical support teams and the US Hub is expected to be operational in Q1 FY25'.
'The Company signed a contract with Toolcraft to supply a complex missile assembly in support of a Defence aerospace project being run for the Australian Government. The Company also signed an agreement directly with the Australian Government’s Defence Science and Technology Group (‘DSTG’) to provide components for testing in marine applications'.
'In parallel to the contract wins in Australia AML3D is in the early stages of building a sales pipeline to address the strong demand signals for its proprietary technology in another significant Defence market in the United Kingdom'.
'Construction and testing, at AML3D’S Adeliade facility, of the largest custom built ARCEMY® system for Austal USA in preparation for a customer inspection post Quarter’s end'.
'AML3D also finalised a Defence Manufacturing License Agreement (“MLA”) with Boeing Defence and Space (“Boeing”) and its Australian subsidiaries during the second half of the 2024 financial year'.
'Compliance with US Government regulations that supports access to defence contracts restricted by the US International Traffic in Arms Regulations' (“ITAR contracts”).
'The MLA allows Boeing to provide technical data, defence services and the option to temporarily import parts to allow testing, inspection and additive manufacturing of components to support maintenance of aircraft. The MLA also complies with US Government regulations and supports access to lucrative ITAR contracts. The finalisation of the MLA positions AML3D to supply aircraft components to Boeing’s subsidiaries, Boeing Defence Australia Ltd and Boeing Australia Holdings Pty Ltd'.
Good report, another catalyst and we will see the 30s. Keen to buy more at 10-13 cents.
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