Winners and Losers: AML3D forecasts drive $4m gain
3D printing firm AML3D received a surge of investor attention following its FY23 results and the announcement of positive guidance for the current financial year.
One of AML3D's additive manufacturing Arcemy units is being established at Tonsley.
The company witnessed a 20.51 per cent rise in its share price last week, giving it a $4.24 million boost to its value after predicting ‘record revenues’ for FY24.
The Edinburgh-based business also reported a decline in revenue for FY23 of more than $1 million to just $634,442.
Nonetheless, the boost to its share price landed the company the number one spot in this week’s Winners and Losers column, beating out Micro-X and Maggie Beer.
Australian Vintage also landed in the top five this week after releasing its FY23 results which showed revenue in line with the prior year and a net profit after tax of $4.2 million.
AVG CEO Craig Garvin said the company’s strategic plan was working – “the relentless pursuit to drive our pillar brands, innovate and expand geographically has shored up our platform for future growth”.
Silk Laser Australia rounded out the top five with a 0.30 per cent rise, giving it a market cap of $174.77 million.
Of the Losers, phosphate miner Centrex saw its shares dive by 15 per cent after raising $4.25 million at an issue price of 9 cents per share. The company was trading at 85 cents per share at the market’s close on Friday.
Aerometrex fell by 9.21 per cent, Archer Materials dipped by 9 per cent and Mighty Kingdom also slid by 5.56 per cent.
Take a look at this week’s Winners and Losers for the period ending 25 August 2023:
