Full Year 2024 Anteotech Ltd Earnings Call Transcript
Key Points
- AnteoTech Ltd (ASX:ADO) reported its first green energy revenue through a major agreement with the world's largest vaccine manufacturer.
- The company achieved a significant reduction in base costs by $3.3 million over the year.
- AnteoTech Ltd (ASX:ADO) successfully resolved the Ferroglobe litigation suit favorably.
- The company launched new products such as AnteoBind NXT and anode optimization services, demonstrating rapid market entry.
- AnteoTech Ltd (ASX:ADO) finished the year with $5 million in cash and received an R&D rebate of $3.8 million.
- Despite increased revenues, the company is not considering dividends in the short-term.
- There were delays in shifting a significant order from the Serum Institute of India, affecting the annual revenue.
- The company is still in the process of finalizing the validation of the Anteo X production facility.
- The speed of progress with large organizations like EV1, EV2, and EV3 is slower than AnteoTech Ltd (ASX:ADO) would prefer.
- The company is still working through the final contractual terms for the new Vice President of International Sales.
Good morning, everyone, and welcome to today's webinar. My name is Alex Paull from investor stream, and and I'll be your host today. Presenting to you this morning is AnteoTech Managing Director, David Radford, who we discussed in the release of the company's results for the 2024 financial year. A reminder also that the webinar will be recorded. So replay will be available on antibiotics, website and social media platforms out there today.
I would like to turn it over to David to kick things off for us. David, the floor is yours.
Thank you, Alex and great to see you again. Good morning, ladies and gentlemen. My name is David Radford, and I;m the CEO of AnteoTech. I'd like to spend a well warm welcome to existing and future shareholders. And to those I've mentioned the marketing road shows this year.
Before I start, I'd like to acknowledge the traditional custodians of the land we on today. I'm on Gadigal land of the Eora Nation
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