Silynxcom Announces Record Annual Revenue of Approximately $9.1 million in 2024
Silynxcom Ltd. (NYSE: SYNX), a manufacturer of ruggedized tactical communication headset devices, reported record financial results for 2024. The company achieved revenue of $9.1 million, an 18% increase year-over-year, with gross profit rising 17% to $3.8 million. Cash and equivalents stood at $3.2 million by year-end.
Key developments include securing $10 million in orders from Israel Defense Forces since October 2023, expanding operations in Asia Pacific, and completing successful field trials. The company also raised $2.9 million through a public offering in April 2025 and entered the drone detection technology market with an innovative armored personnel carrier headset. Additionally, Silynxcom advanced its in-ear communication solution featuring real-time vital signs monitoring.
Silynxcom Ltd. (NYSE: SYNX), produttore di dispositivi di comunicazione tattica ruggedizzati, ha registrato risultati finanziari record per il 2024. L'azienda ha raggiunto un fatturato di 9,1 milioni di dollari, con un incremento del 18% rispetto all'anno precedente, mentre il profitto lordo è salito del 17% a 3,8 milioni di dollari. Alla fine dell'anno, la liquidità e equivalenti ammontavano a 3,2 milioni di dollari.
Tra i principali sviluppi si segnalano l'acquisizione di ordini per 10 milioni di dollari dalle Forze di Difesa Israeliane a partire da ottobre 2023, l'espansione delle operazioni nella regione Asia Pacifico e il completamento di prove sul campo con esito positivo. L'azienda ha inoltre raccolto 2,9 milioni di dollari tramite un'offerta pubblica nell'aprile 2025 ed è entrata nel mercato della tecnologia per il rilevamento droni con un innovativo headset per veicoli corazzati per il trasporto di personale. Infine, Silynxcom ha fatto progressi nella soluzione di comunicazione in-ear dotata di monitoraggio in tempo reale dei segni vitali.
Silynxcom Ltd. (NYSE: SYNX), fabricante de dispositivos de auriculares tácticos robustos, reportó resultados financieros récord para 2024. La compañía alcanzó unos ingresos de 9,1 millones de dólares, un aumento del 18% interanual, con una ganancia bruta que creció un 17% hasta 3,8 millones de dólares. El efectivo y equivalentes al cierre del año fueron de 3,2 millones de dólares.
Entre los desarrollos clave se incluyen la obtención de órdenes por 10 millones de dólares de las Fuerzas de Defensa de Israel desde octubre de 2023, la expansión de operaciones en Asia Pacífico y la finalización exitosa de pruebas de campo. La empresa también recaudó 2,9 millones de dólares mediante una oferta pública en abril de 2025 y entró en el mercado de tecnología de detección de drones con un innovador auricular para vehículos blindados de transporte de personal. Además, Silynxcom avanzó en su solución de comunicación intrauditiva con monitoreo en tiempo real de signos vitales.
Silynxcom Ltd. (NYSE: SYNX)는 견고한 전술용 통신 헤드셋 장비 제조업체로서 2024년 사상 최대의 재무 실적을 보고했습니다. 회사는 매출 910만 달러를 기록하며 전년 대비 18% 증가했고, 총이익은 380만 달러로 17% 상승했습니다. 연말 현금 및 현금성 자산은 320만 달러였습니다.
주요 성과로는 2023년 10월 이후 이스라엘 방위군으로부터 1,000만 달러 주문 확보, 아시아 태평양 지역 사업 확장, 성공적인 현장 시험 완료 등이 포함됩니다. 또한 2025년 4월 공개 모집을 통해 290만 달러를 조달했고, 혁신적인 장갑 인원 수송 차량용 헤드셋으로 드론 탐지 기술 시장에 진입했습니다. 더불어 Silynxcom은 실시간 생체 신호 모니터링 기능을 갖춘 인이어 통신 솔루션도 발전시켰습니다.
Silynxcom Ltd. (NYSE : SYNX), fabricant de casques de communication tactiques robustes, a annoncé des résultats financiers record pour 2024. L'entreprise a réalisé un chiffre d'affaires de 9,1 millions de dollars, soit une augmentation de 18 % par rapport à l'année précédente, avec un bénéfice brut en hausse de 17 % à 3,8 millions de dollars. La trésorerie et les équivalents s'élevaient à 3,2 millions de dollars à la fin de l'année.
Parmi les faits marquants, on compte la sécurisation de 10 millions de dollars de commandes de la part des Forces de Défense israéliennes depuis octobre 2023, l'expansion des opérations en Asie-Pacifique, ainsi que la réussite des essais sur le terrain. La société a également levé 2,9 millions de dollars via une offre publique en avril 2025 et a pénétré le marché des technologies de détection de drones avec un casque innovant destiné aux véhicules blindés de transport de personnel. Par ailleurs, Silynxcom a fait progresser sa solution de communication intra-auriculaire intégrant une surveillance en temps réel des signes vitaux.
Silynxcom Ltd. (NYSE: SYNX), Hersteller von robusten taktischen Kommunikations-Headsets, meldete Rekordergebnisse für 2024. Das Unternehmen erzielte einen Umsatz von 9,1 Millionen US-Dollar, eine Steigerung von 18 % im Jahresvergleich, wobei der Bruttogewinn um 17 % auf 3,8 Millionen US-Dollar stieg. Zum Jahresende beliefen sich liquide Mittel und Äquivalente auf 3,2 Millionen US-Dollar.
Zu den wichtigsten Entwicklungen zählen die Sicherung von Aufträgen in Höhe von 10 Millionen US-Dollar von den Israelischen Verteidigungsstreitkräften seit Oktober 2023, die Expansion der Aktivitäten im asiatisch-pazifischen Raum sowie der Abschluss erfolgreicher Feldversuche. Das Unternehmen sammelte außerdem im April 2025 durch eine öffentliche Emission 2,9 Millionen US-Dollar ein und trat mit einem innovativen Headset für gepanzerte Mannschaftstransportwagen in den Drohnenerkennungstechnologiemarkt ein. Zusätzlich hat Silynxcom seine In-Ear-Kommunikationslösung mit Echtzeit-Überwachung der Vitalfunktionen weiterentwickelt.
- Record revenue of $9.1 million, up 18% year-over-year
- Gross profit increased 17% to $3.8 million
- Secured $10 million in orders from Israel Defense Forces
- Successful expansion into Asia Pacific market with new field trials
- Innovation in drone detection technology and vital signs monitoring features
- Raised $2.9 million through public offering to support growth
- Relatively low cash position of $3.2 million
- Potential dilution from recent public offering
Insights
Silynxcom achieves 18% revenue growth with strong order momentum from defense sectors amid expanding product innovation.
Silynxcom's financial results reveal a record $9.1 million in revenue for 2024, representing an 18% year-over-year increase. This growth trajectory is particularly noteworthy for a specialized tactical communications equipment manufacturer operating in the defense sector. The company's gross profit reached $3.8 million, growing at a comparable 17% rate from the previous year's $3.2 million, indicating stable margin maintenance despite scaling operations.
The company's cash position of $3.2 million has been subsequently bolstered by a $2.9 million public offering (closed April 2025), strengthening their balance sheet for future operations. Most significant from a revenue perspective is the $10 million in orders from the Israel Defense Forces since October 2023, which represents more than a full year's worth of revenue at current run rates.
Silynxcom is executing a dual-pronged strategy: geographical expansion into the Asia-Pacific region while simultaneously diversifying their product portfolio beyond core tactical headsets into adjacent technologies like drone detection capabilities. The successful field trials in Asia and expanded military/police adoption suggest market validation for their product innovations.
The company's focus on high-value specialized equipment for defense applications positions them in a segment with typically higher barriers to entry and strong customer relationships, evidenced by their continued ability to secure orders from military and special operations units globally. Their development of in-ear communication with vital signs monitoring represents potential diversification into the growing soldier health monitoring market segment that could drive future growth.
Netanya, Israel, May 14, 2025 (GLOBE NEWSWIRE) -- Silynxcom Ltd. (NYSE American: SYNX) ("Silynxcom" or the "Company"), a manufacturer and developer of ruggedized tactical communication headset devices, has released its consolidated financial results for the full year period ended December 31, 2024.
Key Financial Highlights for 2024:
- Revenues for the year ended December 31, 2024 increased to a record of
$9.1 million , up approximately18% from the previous year. This growth reflects the Company’s ongoing expansion and product adoption.
- Cash and cash equivalents as of December 31, 2024 totaled
$3.2 million .
- Gross profit for the year ended December 31, 2024 amounted to approximately
$3.8 million , up17% compared to$3.2 million from the same period in the previous year.
Recent Corporate Highlights:
- On April 2, 2025, the Company announced the closing of underwritten public offering of, for gross proceeds of approximately
$2.9 million , before deducting underwriting discounts and offering expenses.
- Entry into drone detection technology- the Company introduced an armored personnel carrier headset that enhances battlefield awareness by detecting drone noise while maintaining hearing protection.
- Received
$10 Million in orders from the Israel Defense Forces Since October 7, 2023.
- Asia Pacific Growth- expanded sales operations in the Asia Pacific region.
- Enhanced its position as a market innovator with new orders from militaries, special units and police departments worldwide.
- Advanced its revolutionary in-ear communication solution with real-time vital signs monitoring.
- Successfully completed field trials for its innovative product, aimed at boosting situational awareness and safety for armored personnel carrier crews and other heavy military vehicles, with a military force in Asia.
The Company has filed its Annual Report on Form 20-F for the year ended December 31, 2024 (the “Annual Report”) with the U.S. Securities and Exchange Commission (“SEC”), which can be accessed on its website at https://www.silynxcom.com/. Shareholders may request, free of charge, a hard copy of the Annual Report, which includes Silynxcom’s complete audited consolidated financial statements for the year ended December 31, 2024, by contacting ir@silynxcom.com.
About Silynxcom Ltd.
Silynxcom Ltd. develops, manufactures, markets, and sells ruggedized tactical communication headset devices as well as other communication accessories, all of which have been field-tested and combat-proven. The Company's in-ear headset devices, or In-Ear Headsets, are used in combat, the battlefield, riot control, demonstrations, weapons training courses, and on the factory floor. The In-Ear Headsets seamlessly integrate with third party manufacturers of professional-grade ruggedized radios that are used by soldiers in combat or by police officers in leading military and law enforcements units. The Company's In-Ear Headsets also fit tightly into the protective gear to enable users to speak and hear clearly and precisely while they are protected from the hazardous sounds of combat, riots or dangerous situations. The sleek, lightweight, In-Ear Headsets include active sound protection to eliminate unsafe sounds, while maintaining ambient environmental awareness, giving their customers 360° situational awareness. The Company works closely with its customers and seek to improve the functionality and quality of the Company's products based on actual feedback from soldiers and police officers "in the field." The Company sells its In-Ear Headsets and communication accessories directly to military forces, police and other law enforcement units. The Company also deals with specialized networks of local distributors in each locale in which it operates and has developed key strategic partnerships with radio equipment manufacturers.
For additional information about the company please visit: https://silynxcom.com
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws and are subject to substantial risks and uncertainties. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will" "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the "SEC") on May 13, 2025, and other documents filed with or furnished to the SEC which are available on the SEC's website, www.sec.gov. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date they are made. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Capital Markets & IR Contact
Michal Efraty
ir@silynxcom.com
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