Creotech Instruments, based near Warsaw, Poland, is a leading manufacturer of satellite systems, components, and advanced electronics for quantum computer control systems, and other applications.
Industrials |
Flash note
Industrials |
Initiation
Industrials |
edison tv
Grzegorz Brona
CEO
Jacek Kosiec
VP Management Board
Maciej Kielek
VP Management Board, Finance
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 16.7 | (35.7) | (26.6) |
Relative | 25.3 | (28.5) | (23.0) |
52 week high/low | 235.0gr/125.0gr |
Creotech Instruments continues to invest in its growth strategy targeting both the spacetech and quantum computing markets. The first report under IFRS, Q123 results saw positive development of revenues but higher costs leading to increased quarterly losses. Encouragingly, net cash flow was positive with adjusted net cash of PLN33.3m at Q123. Progress has been underpinned by new development contracts with the potential to extend existing markets or increase addressable segments.
thematic
Industrials