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The latest announcement is out from AML3D Ltd ( (AU:AL3) ).
AML3D Limited reported a quarterly revenue of A$2.5 million and highlighted significant growth opportunities within the U.S. Navy Maritime Industrial Base, supported by a Letter of Intent forecasting a demand for their ARCEMY® systems. The company secured an initial A$4.5 million order from Huntington Ingalls Industries, marking progress in converting this opportunity into sales. Additionally, AML3D is expanding its distribution capabilities in the U.K. and Europe, with plans to establish a European facility to meet growing demand. The company is also enhancing its U.S. operations by increasing ARCEMY® systems at its Technology Centre in Ohio and fulfilling orders for the U.S. Navy’s Additive Manufacturing Centre of Excellence.
The most recent analyst rating on (AU:AL3) stock is a Buy with a A$0.40 price target. To see the full list of analyst forecasts on AML3D Ltd stock, see the AU:AL3 Stock Forecast page.
More about AML3D Ltd
AML3D Limited is a leader in large-scale Wire Additive Manufacturing (WAM) technology and 3D metal printing solutions. The company focuses on providing advanced manufacturing solutions, primarily targeting the U.S. Navy Maritime Industrial Base and expanding its presence in the U.K. and European defense markets.
Average Trading Volume: 3,674,529
Technical Sentiment Signal: Buy
Current Market Cap: A$118.8M
Find detailed analytics on AL3 stock on TipRanks’ Stock Analysis page.