There have been a lot of results releases on Tuesday. Some results have gone down well with investors, and others have not.
Two such examples are listed below, with these ASX All Ords stocks heading in very different directions today. Let's see what they reported:
Chrysos Corporation Ltd (ASX: C79)
The Chrysos share price is up over 4% to $5.70 this morning after investors cheered on the mining technology company's FY 2024 results.
For the 12 months ended 30 June, the ASX All Ords stock reported a 69% increase in revenue to $45.4 million and a whopping 156% jump in EBITDA to $9 million.
This was driven by strong demand for its flagship PhotonAssay product, which delivers faster, safer, more accurate and environmentally friendly analysis of gold, silver, copper and other elements.
Chrysos' managing director and CEO, Dirk Treasure, commented:
The business continues to see increasing PhotonAssay use with customer sample volumes building strongly in global markets. Along with ongoing endorsement from major miners and laboratories in public forums and market announcements, we are also observing heightened interest in the technology through our commercial presence across four continents.
The ASX All Ords stock expects its growth to continue in FY 2025. It has provided guidance for total revenue of $60 million to $70 million and EBITDA of $9 million to $19 million.
Electro Optic Systems Holdings Ltd (ASX: EOS)
The EOS share price isn't having a good day and is down almost 13% to $1.56. This follows the release of the defence and space technology company's half year results.
The ASX All Ords stock reported an impressive 92% increase in revenue to $142.6 million. This increase was predominantly driven by the Defence segment which generated revenue of $101.4 million in the half-year. This is double the $50.7 million recorded in the prior corresponding period.
However, despite this sizeable lift in its top line, it wasn't enough to take EOS into profit. The company reported a loss after tax of $3.5 million for the half. Though, it should be noted that this was a significant improvement on its loss of $32.4 million in the prior corresponding period.
In addition, EOS revealed a net cash outflow from operating activities of $30.6 million. This is down $61.3 million from an inflow of $30.7 million a year earlier. Management blamed this partly on additional payments for long lead times items.
Nevertheless, the ASX All Ords stock ended the period with a cash balance of $52.2 million.
The post 2 ASX All Ords stocks making big moves on results day appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos and Electro Optic Systems. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2024