Norway · Delayed Price · Currency is NOK Norsk Titanium AS Earnings Call Transcripts
Fiscal Year 2026
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Additive manufacturing technology is gaining traction in aerospace and defense, with major milestones ahead including Airbus integration and scaling defense production. New revenue streams are expected from RPD ecosystem deployments and short-term industrial opportunities.
Fiscal Year 2025
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Revenue and cash flow guidance have been withdrawn due to delayed OEM integration, but long-term prospects remain strong. Defense and aerospace segments are expanding, with key milestones like MMPDS approval and new U.S. programs supporting future growth.
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New leadership is driving a focus on commercial execution, operational readiness, and financial discipline, with $22 million raised and a reduced cash burn. Aerospace and defense remain core, while industrial diversification is accelerating, especially in semiconductors.
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Revenue rose 54% year-over-year to $2 million in H1 2025, but delays in aerospace part transitions and contract timing impacted growth. Revised 2026 revenue target is $70 million, with cash flow break-even now expected in early 2027 and a $15 million equity raise planned.
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Q1 revenue rose to $0.6M year-over-year, but customer delays, especially from Airbus, have pushed some revenue into 2025, increasing risk to 2026 targets. Management remains confident in meeting 2024 goals, with strong cash reserves and new debt facilities in progress.
Fiscal Year 2024
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Q4 revenue rose to $2.3M, with full-year sales up 118% year-over-year. 2025 guidance targets over 120 parts in serial production and $70–$90M in annual recurring revenue, with strong growth expected across aerospace, industrial, and defense markets.
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Revenue guidance for 2024 was lowered to $6 million due to aerospace delays, but long-term targets of $70–$90 million ARR in 2025 and $150 million in 2026 are reaffirmed. Defense and industrial segments are accelerating, and the company remains fully funded with strong IP and market positioning.
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Serial production parts tripled year-over-year, driving annual recurring revenue to $11 million. Full-year 2024 revenue is projected at $10–$12 million, with break-even expected by end of 2025 and strong growth in aerospace and defense segments.
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Significant investments and proprietary technology have enabled rapid expansion into aerospace, defense, and industrial markets. Recurring revenue is driven by serial production parts for major OEMs, with strong growth projected through 2026 and a robust sales pipeline.