FY24 results for Chrysos Corporation Limited

Chrysos Corporation Limited (ASX: C79) has successfully revised its FY24 guidance, achieving significant financial milestones with total revenue of AU$ 45.4 million, marking a 69% growth from FY23's AU$ 26.8 million. This growth was driven by the global adoption of its PhotonAssay™ technology, which now contributes 55% of total revenue from international markets outside the Asia-Pacific region. The company's EBITDA reached AU$9.0 million, reflecting a remarkable 156% increase from AU$3.5 million in FY23, supported by economies of scale resulting in an improved EBITDA margin of 20%, up from 14% the previous year.

Chrysos maintains a solid cash position of AU$ 61.1 million, showing a positive operating cash flow of AU$ 3.6 million and an undrawn AU$ 95 million debt facility. This solid financial position underscores the company's stability and potential for future growth. By the end of FY24, the company had deployed 29 units, with secured revenue from 50 contracted units, including additional contracts post-period.

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