AIRO GROUP HOLDINGS, INC. AND KERNEL GROUP HOLDINGS, INC. ANNOUNCE EFFECTIVENESS OF REGISTRATION STATEMENT; TRIPLE-DIGIT REVENUE GROWTH AND $1.1B IN EVTOL ORDERS AS PORTFOLIO TAKES OFF
Kernel Kernel (US:KRNL) Newsfilter·2024-07-23 13:00

The Uncrewed Air Systems division saw unprecedented revenue growth of 637%, attaining nearly $28M in revenues during 2023, due in large part to its military drone equipment and services sales. According to AIRO's CEO, Joe Burns, "The growth we've seen over the past year is merely the beginning - we expect to further accelerate and continue ramping up production capacity through 2024 and beyond. The demand for our systems is on a global ascent, serving as true force multipliers in challenging operational lan ...