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Silynxcom Receives New Order Further Expanding Presence in Military Tactical Communication Equipment Market
Silynxcom (NYSE American: SYNX), a manufacturer of ruggedized tactical communication headset devices, has received a new $315,000 order from the Israel Defense Forces (IDF). This follows a $500,000 order announced on July 9, 2024, bringing the total accumulated orders from the IDF to approximately $815,000 since early July 2024.
The company reported strong preliminary unaudited performance for H1 2024, with estimated revenue of $5.31 million and cash and cash equivalents of $3.69 million as of June 30, 2024. Silynxcom is targeting a tactical sound protection headset market projected to reach $3.8 billion by 2027.
The company reported strong preliminary unaudited performance for H1 2024, with estimated revenue of $5.31 million and cash and cash equivalents of $3.69 million as of June 30, 2024. Silynxcom is targeting a tactical sound protection headset market projected to reach $3.8 billion by 2027.
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