Welcome to our dedicated page for Silynxcom Ltd. news (Ticker: $SYNX), a resource for investors and traders seeking the latest updates and insights on Silynxcom Ltd. stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Silynxcom Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Silynxcom Ltd.'s position in the market.
Silynxcom has announced the acquisition of a new order for its TETRA headset system from a European police department. This milestone, achieved with the help of a trusted distributor, signifies growing demand for Silynxcom's advanced communication solutions in Europe. The TETRA headset system, designed for law enforcement's unique communication needs, offers high audio quality, clarity, and secure communication. The system includes an in-ear headset and a control box, making it reliable in critical, noisy situations. CEO Nir Klein highlighted the company's commitment to addressing market gaps and expanding its European footprint.
Silynxcom (SYNX) estimates revenue growth of over 100% for Q1 2024, with preliminary unaudited revenue at $3.525 million and cash equivalents of $4.353 million. The company attributes the success to expanded marketing efforts, increased customer base, and new innovative products. Geopolitical events have also driven demand for tactical communication solutions.
Silynxcom (NYSE American: SYNX) announced an expanded collaboration with 3M PELTOR, a global leader in over-the-ear headsets, to include the Peltor ComTac™ VIII Headset. This innovative product offers improved sound protection, design, and user application for noise-intense environments. The collaboration aims to enhance communication solutions for tactical environments, integrating Silynxcom's advanced systems with Peltor's headsets.
Silynxcom (SYNX) announced its 2023 annual results, showcasing positive cash flow and revenue growth. The company raised $5 million through an IPO, increasing year-end cash balance to $568 thousand. Operating loss was $2.8 million, with non-IFRS operating profit at $1.4 million. Net loss was $2.8 million, compared to a net income of $1.8 million in 2022. Revenues for 2023 reached $7.6 million, up 5% from the previous year, reflecting business expansion and market adoption.