Silynxcom Ltd. Reports Record Annual Revenue of $9.1 Million for 2024, a 18% Increase from Previous Year; Gross Profit Rises to $3.8 Million

Reuters
05-14
<a href="https://laohu8.com/S/SYNX">Silynxcom Ltd.</a> Reports Record Annual Revenue of $9.1 Million for 2024, a 18% Increase from Previous Year; Gross Profit Rises to $3.8 Million

Silynxcom Ltd., a manufacturer and developer of ruggedized tactical communication headset devices, reported record annual revenue of approximately $9.1 million for the year ended December 31, 2024. This marks an 18% increase from the previous year, reflecting the company's ongoing expansion and product adoption. The gross profit for the same period amounted to approximately $3.8 million, up 17% compared to $3.2 million from the previous year. As of December 31, 2024, Silynxcom's cash and cash equivalents totaled $3.2 million. Significant recent corporate highlights include the company's entry into drone detection technology, with the introduction of an armored personnel carrier headset that enhances battlefield awareness. Additionally, Silynxcom received $10 million in orders from the Israel Defense Forces and expanded its sales operations in the Asia Pacific region. The company also advanced its in-ear communication solution with real-time vital signs monitoring and successfully completed field trials for an innovative product aimed at boosting situational awareness and safety for armored personnel carrier crews with a military force in Asia.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Silynxcom Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-043001), on May 14, 2025, and is solely responsible for the information contained therein.

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