In today’s briefing:
- Airtasker Ltd – Key RaaS KPIs heading in the right direction
- Amaero International Ltd – New five-year contract kicks off commercialisation push
Airtasker Ltd – Key RaaS KPIs heading in the right direction
- Airtasker Limited (ASX:ART) is an online marketplace for local services, connecting people and businesses who need work done with people who want to work.
- ART has reported its Q3 FY25 trading update with key RaaS KPIs all heading in the right direction.
- Another quarter of positive cash flow was achieved, resulting in a stable net cash position of $18.3m.
Amaero International Ltd – New five-year contract kicks off commercialisation push
- Amaero Ltd (ASX:3DA) is a global specialist in advanced materials manufacturing for the defence, aerospace and other industrial sectors, developing a critical metals alloy powder manufacturing facility in Tennessee, USA.
- The company has announced it has signed a five-year, exclusive supply agreement with US-based metal additive manufacturing technology company Velo3D (OTC:VLDX) for mission-critical parts in the defence, space and aviation industries (ASX release 29 April).
- Amaero said, based on demand estimates from Velo3D, revenue from C103 and titanium alloy powder sales over the five-year agreement are expected to equal approximately US$22m (A$35m).
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