Synertec Corporation Ltd (ASX:SOP) will present its FY24 financial results and key achievements to investors at a webinar on Friday, September 6, 2024, at 2:00 pm (AEST).
The technology design and development growth company’s Annual Investor Briefing Update will provide detailed commentary on the performance and achievements of the company.
Managing director and CEO Michael Carroll, CFO and executive director David Harris, GM engineering Andrew Lawrie and GM technology Jason Denholm will present an overview of the results.
The presentation will be followed by a Q&A session.
Results set up further growth
The company announced on August 30, that it had notched a 26% increase in revenue and other incomes to bring in $19.7 million this financial year.
This growth has been driven by expansions to its engineering services and contracts for its standalone micro-grid renewable energy and storage solution, Powerhouse.
SOP rolled out three Powerhouse units in FY24, adding $1.1 million to group revenue on an annualised asset turnover ratio of 0.4, and is actively engaging with 15 potential customers for future deployments of the units.
The company also recently entered into an exclusive partnership with Siemens to support Powerhouse technology development and expanded market exposure.
Carroll and general manager of finance Yash Gala joined us recently to discuss the results in more detail:
Investors welcome
Synertec invites all investors and analysts to attend the online briefing on September 6.
Participants can pre-register ahead of time via the following link: https://forms.office.com/r/i5gpFT7zws
Once the registration form is completed, investors will receive a confirmation email with details on how to access the briefing. If you would like to ask a question during the briefing, please send your question via the registration link ahead of the briefing, or you can type the question during the briefing.