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Structural Monitoring Systems Secures $8.7M, Cuts Costs, and Boosts Sales Momentum
10:57am on Friday 31st of January, 2025 AEDT
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Aerospace
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Structural Monitoring Systems Secures $8.7M, Cuts Costs, and Boosts Sales Momentum
10:57am on Friday 31st of January, 2025 AEDT
Key Points
Completed $8.7 million capital raise including institutional placement and SPP
Achieved over $2.5 million annualised cost savings through operational restructuring
Incremental Forest Radio sales exceeded $2 million in the December quarter
Advanced FAA certification for CVM sensor technology with Boeing collaboration
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Structural Monitoring Systems (ASX:SMN)
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