2 ASX All Ords stocks making big moves on results day

One is heading higher and one is sinking. Let's find out why.

| More on:
A female ASX investor looks through a magnifying glass that enlarges her eye and holds her hand to her face with her mouth open as if looking at something of great interest or surprise.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

There have been a lot of results releases on Tuesday. Some results have gone down well with investors, and others have not.

Two such examples are listed below, with these ASX All Ords stocks heading in very different directions today. Let's see what they reported:

Chrysos Corporation Ltd (ASX: C79)

The Chrysos share price is up over 4% to $5.70 this morning after investors cheered on the mining technology company's FY 2024 results.

For the 12 months ended 30 June, the ASX All Ords stock reported a 69% increase in revenue to $45.4 million and a whopping 156% jump in EBITDA to $9 million.

This was driven by strong demand for its flagship PhotonAssay product, which delivers faster, safer, more accurate and environmentally friendly analysis of gold, silver, copper and other elements.

Chrysos' managing director and CEO, Dirk Treasure, commented:

The business continues to see increasing PhotonAssay use with customer sample volumes building strongly in global markets. Along with ongoing endorsement from major miners and laboratories in public forums and market announcements, we are also observing heightened interest in the technology through our commercial presence across four continents.

The ASX All Ords stock expects its growth to continue in FY 2025. It has provided guidance for total revenue of $60 million to $70 million and EBITDA of $9 million to $19 million.

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price isn't having a good day and is down almost 13% to $1.56. This follows the release of the defence and space technology company's half year results.

The ASX All Ords stock reported an impressive 92% increase in revenue to $142.6 million. This increase was predominantly driven by the Defence segment which generated revenue of $101.4 million in the half-year. This is double the $50.7 million recorded in the prior corresponding period.

However, despite this sizeable lift in its top line, it wasn't enough to take EOS into profit. The company reported a loss after tax of $3.5 million for the half. Though, it should be noted that this was a significant improvement on its loss of $32.4 million in the prior corresponding period.

In addition, EOS revealed a net cash outflow from operating activities of $30.6 million. This is down $61.3 million from an inflow of $30.7 million a year earlier. Management blamed this partly on additional payments for long lead times items.

Nevertheless, the ASX All Ords stock ended the period with a cash balance of $52.2 million.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos and Electro Optic Systems. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Earnings Results

A woman looks up at a plane flying in the sky with arms outstretched as the Flight Centre share price surges
Earnings Results

Web Travel share price rockets 13% on market leading full-year growth

Investors are sending Web Travel shares soaring today. Here’s why.

Read more »

Happy shopper at a clothes shop.
Earnings Results

Why did Myer shares just rocket 9%?

Investors are piling into Myer shares on Friday. But why?

Read more »

A woman looks up at a plane flying in the sky with arms outstretched as the Flight Centre share price surges
Earnings Results

Up 78% since April, why is the Webjet share price taking off again today?

Webjet shares have soared 78% since 4 April and are lifting off again today. But why?

Read more »

a woman holds her hands to her temples as she sits in front of a computer screen with a concerned look on her face.
Industrials Shares

Guess which ASX 200 stock is crashing 24% on results day

Investors were not impressed with this result. But why?

Read more »

A man in full American NFL playing kit crouches over with his arms across his chest in a defensive stance against a dark background.
Technology Shares

ASX 300 tech stock charges 7% higher to record high on stellar results

This tech stock delivered another impressive result this morning.

Read more »

a group of people sit around a computer in an office environment.
Earnings Results

Guess which ASX 200 tech stock is rocketing 12% on record results

Another half, another record result from this high-quality company.

Read more »

A young man sitting at an outside table uses a card to pay for his online shopping.
Consumer Staples & Discretionary Shares

Why is the Kogan share price crashing 12%?

Profits are down at this ecommerce company during the second half.

Read more »

Frustrated stock trader screaming while looking at mobile phone, symbolising a falling share price.
Resources Shares

Guess which ASX 200 mining stock is sinking 7% following its quarterly update

Let's see how this miner performed during the third quarter.

Read more »