Aurora Labs Limited (ASX: A3D) has reported a half-year loss of $2.6 million, widening from a $1.7 million loss in the prior corresponding period, as it continues to invest in 3D printing technology for the defence and aerospace sectors.
Despite the loss, revenue increased by 59% to $236,736, driven by demand for industrial 3D-printed components, particularly in propulsion systems for unmanned aerial vehicles (UAVs) and military applications.
Key Financial Highlights
- Revenue: $236,736 (up 59% from $148,750 in HY24).
- Net loss after tax: $2.6 million (up 52% from $1.7 million).
- Cash balance: $2.2 million (up from $750,257 a year earlier).
- R&D tax incentive received: $640,002.
Aurora Labs’ Industrial Print Services Bureau has expanded its customer base in the defence, oil & gas, and aerospace industries. The company secured a $300,000 order from the Australian Defence Force for propulsion system components.
Advancements in 3D-Printed Propulsion Systems
Aurora Labs has progressed its development of 200N and 400N thrust-class micro gas turbines, using its AL250 Laser Powder Bed Fusion Printer to create high-precision metal components. The company has also begun producing parts with Inconel Superalloy 625 and aluminium composite alloys to improve strength-to-weight ratios.
During the period, Aurora was awarded its third contract from the Australian Department of Defence to supply 3D-printed metal components, reinforcing its role in sovereign defence manufacturing.
Strategic Outlook
Looking ahead, Aurora Labs aims to finalise large-scale contracts for micro gas turbines and increase serialised production to improve cost efficiency. The company will also participate in the Avalon Airshow 2025 and Sea-Air-Space 2025 in Washington DC to showcase its additive manufacturing technology to global defence and aerospace players.
