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Aurrigo International PLC ( (GB:AURR) ) has provided an update.
Aurrigo International PLC reported a 34% increase in revenue to £8.9 million for the year ended December 31, 2024, driven by a 433% surge in its Autonomous division. The company achieved significant growth in gross profit and improved its gross margin to 41%. Aurrigo’s strategic focus on autonomous airside solutions has resulted in increased demand, with six direct airport engagements and multiple strategic partnerships. The company launched its largest autonomous vehicle, Auto-Cargo®, in collaboration with UPS, and continues to expand its market presence with a strong sales pipeline and strategic partnerships. Aurrigo is well-positioned for future growth with its innovative technology and industry support.
The most recent analyst rating on (GB:AURR) stock is a Buy with a £1.65 price target. To see the full list of analyst forecasts on Aurrigo International PLC stock, see the GB:AURR Stock Forecast page.
More about Aurrigo International PLC
Aurrigo International PLC is an international designer and developer of smart airside solutions for the aviation industry, specializing in automated vehicles, systems, and software. The company is headquartered in Coventry, UK, with offices in Singapore, Cincinnati, and Ottawa. Aurrigo’s technology supports leading airports worldwide by enhancing baggage and cargo handling operations, improving safety, operational efficiency, and meeting sustainability targets.
Average Trading Volume: 29,382
Technical Sentiment Signal: Buy
See more insights into AURR stock on TipRanks’ Stock Analysis page.