Sintx Technologies Shares Select Preliminary Q4 2023 And Full Year 2023 Revenue Update; Sees Q4 Revenue $902K; FY23 Revenue $2.6M
Portfolio Pulse from Benzinga Newsdesk
SINTX Technologies, Inc. (NASDAQ:SINT) reported preliminary Q4 2023 revenue of $902K and FY23 revenue of $2.6M, reflecting an 18% and 68% increase respectively compared to the same periods in 2022. The growth is attributed to the acquisition of TA&T and increased sales in aerospace, biomedical, and energy markets. Commercial revenues surpassed government contracts in Q4 for the first time since TA&T's acquisition. SINTX expects continued growth in 2024, targeting the defense, aerospace, industrial, and energy markets, and plans to re-engage the ballistic and body armor market.
January 23, 2024 | 2:04 pm
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SINTX Technologies reported a positive revenue update for Q4 2023 and FY23, with significant year-over-year growth and successful market expansion. The company expects further growth in 2024, especially with re-engagement in the ballistic and body armor market.
The positive revenue update indicates strong performance and growth potential, which is likely to be viewed favorably by investors. The anticipation of continued growth in 2024, especially with the re-engagement in the ballistic and body armor market, suggests potential for further revenue increases and possibly stock price appreciation in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100