Matrix Composites & Engineering Ltd. provided earnings guidance for the year 2023. Overall, Matrix is set for strong growth with a significant revenue forecast increase for FY23, as year-to-date revenue and secured FY23 orders currently sit at $45 million (FY22: $28.6 million), and further orders are being pursued. Pleasingly, Matrix expects its growth to continue beyond FY23, driven by an expanding sales pipeline, a COVID-induced backlog of potential contract awards remaining, and a positive market outlook.
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