Brief: Norsk Titanium Expects To See Sharp Increase In Recurring Revenue In Coming Quarters

Norsk Titanium AS

28/08/2024 06:38

Aug 28 (Reuters) - Norsk Titanium AS  NTI.OL :
    * EXPECTS SEE SHARP INCREASE IN RECURRING REVENUE IN COMING
QUARTERS
    * EXPECTS REVENUE GROWTH TO DRIVE CO TOWARD 2026 TARGET OF
USD 150
MILLION
    * IS REVISING 2024 REVENUE FORECAST FROM USD 15 MILLION TO A
RANGE
OF USD 10-12 MILLION
    * OUTLOOK: DELAYS ALSO EXPECTED TO PUSH ACHIEVEMENT OF ITS
USD 50
MILLION ARR TARGET FROM END OF 2024 INTO 2025
    * NORSK TITANIUM AS H1 REVENUE USD 1.3 MILLION VERSUS USD
0.9
MILLION YEAR AGO
    * H1 OPERATING LOSS USD 12.9 MILLION VERSUS LOSS USD 12.9
MILLION
YEAR AGO

Source text for Eikon:  ID:nObihQxcSa 
Further company coverage:  NTI.OL 

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