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An announcement from Tan Delta Systems PLC ( (GB:TAND) ) is now available.
Tan Delta Systems PLC reported a 16% decline in revenue for the year ending December 2024, attributed to extended timelines for maturing high-value customer opportunities. Despite this, the company has significantly increased its sales pipeline to £35 million and is actively working on 20 trials, with new distribution agreements in the Middle East. The company is focusing on strategic opportunities and enhancing its production and supply chain capabilities to support increased demand. With advancements in product development and partnerships with major engine manufacturers, Tan Delta is poised for long-term scalability and market expansion.
More about Tan Delta Systems PLC
Tan Delta Systems PLC is a leading provider of intelligent monitoring and maintenance systems for commercial and industrial equipment. The company focuses on real-time oil analysis-based equipment monitoring solutions, catering to sectors such as power generation, industrial equipment, and mining, with emerging adoption in marine, oil & gas, and rail industries.
Average Trading Volume: 5,757
Technical Sentiment Signal: Sell
Current Market Cap: £13.55M
For an in-depth examination of TAND stock, go to TipRanks’ Stock Analysis page.