Following the release of our Financial Year 2020 Results and Annual Report on 31 August 2020, our CEO Todd Alder and CFO David Bonomini held a conference call for investors, analysts and media to run through our latest investor presentation, and what we’ve delivered over the past 12 months.
Results confirmed revenue of $33.8M, EBITDA of $4.2M and net profit after tax pf $1.9M.
In FY21, Orbital UAV is targeting revenue of $40M-$50M. Revenues are underpinned by production demand from the Insitu Long Term Agreement and complemented by the Company’s engineering development work and sales of flight critical components. Revenue growth will be provided by a combination of increased product demand and an expansion of Orbital UAV’s
You can listen/watch a recording of the presentation below via StockheadTV: