Windar Photonics Plc (LSE:WPHO) has published its financial results for 2024, reporting revenues of €4.6 million—a slight dip from the previous year—while achieving record product shipments totaling €5.8 million. The company highlighted strong progress in expanding its footprint, particularly in the North American market, where it secured key orders and introduced its new Nexus software platform.
Although macroeconomic conditions impacted order timing, Windar remains confident in its long-term growth outlook. Recent equity raises have strengthened its financial position, enabling greater investment in technology and manufacturing. The company’s relocation to new facilities in Denmark is expected to increase production capacity fivefold, setting the stage for significant revenue growth in 2025.
About Windar Photonics
Windar Photonics Plc is a clean energy technology company specializing in LiDAR-based optimization systems for wind turbines. Its solutions are designed to boost energy output and prolong turbine lifespan by enhancing wind measurement and turbine alignment.
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