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.
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.
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Take a look at this week’s Winners and Losers for the period ending 25 August 2023:
