Brief: Norsk Titanium Sees Strong Growth Throughout 2025

Norsk Titanium AS

30/10/2024 06:58

Oct 30 (Reuters) - Norsk Titanium AS  NTI.OL :
    * NORSK TITANIUM Q3 OPERATIONAL AND FINANCIAL UPDATE
    * LOWER 2024 REVENUE GUIDANCE TO USD 6 MILLION
    * NORSK TITANIUM AS - ANTICIPATE STRONG GROWTH THROUGHOUT
2025,
INCREASING PARTS IN SERIAL PRODUCTION TO MORE THAN 120,
GENERATING USD 70 - 90 MILLION IN ARR
    * AFFIRM LONGER-TERM TARGET FOR USD 150 MILLION IN REVENUE
IN 2026
    * OUTLOOK: HIGH-VOLUME PARTS DELAYED INTO 2025
    * OUTLOOK:  DEVELOPMENT REVENUE LOWER DUE TO CHALLENGING
COMMERCIAL AEROSPACE DYNAMICS
    * ON AN UNAUDITED BASIS, REVENUE FOR Q3 2024 WAS USD 0.9
MILLION
    * AVERAGE NET MONTHLY CASH BURN WAS USD 2.3 MILLION, WHICH
IS
EXPECTED TO DECLINE AS REVENUE PICKS UP IN 2025

Source text:  ID:nObif65Mha 
Further company coverage:  NTI.OL 

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