Investor Presentaiton
ADACEL
ADACEL
H1 FY2023 SUMMARY
EBITDA
EBITDA decreased from $2.7M in H1 FY2022 to $2M in H1 FY2023 due to the
revenue mix and lower gross margins on revenues. In addition, we incurred
additional costs for planned investments in Business Development activities and
incremental costs resulting from the acquisition of our Virtual Tower business in
May 2022.
Outlook
The Company now forecasts FY 2023 EBITDA between USD$4.4 million and
USD$4.6 million and PBT between USD$2.4 million and USD$2.6 million, mainly
due to lower revenues from our ATOP program in North America. In addition, the
ongoing conflict in Ukraine has resulted in a delay of a planned delivery of a
Virtual Tower system in Estonia for FY 2023. The Virtual Towers market is the
highest growth sector in the ATC global equipment market, and we are well positioned
to take advantage of this segment which is expected to grow to $500 million by 2027.
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