Silynxcom Ltd.
SYNX · Household Audio & Video Equipment · EDGAR filings ↗
Grade
D50Combat-proven tactical-headset maker with a clean balance sheet but an operating-loss year and acute customer concentration.
Strengths
- Strong liquidity — current ratio 3.2 and quick ratio 1.9 (75th pct), with ~11.9 quarters of cash runway
- Niche, field-proven products with a $7.3M backlog and growing US footprint
Risks
- Operating and net losses (net margin -26%, ROE -42%), with revenue actually falling to $5.8M in FY2025
- Severe customer concentration (one customer ~37-45% of revenue) and reliance on lumpy government tenders
Notable findings
- No interest coverageInterest coverage -11.85 (cannot cover interest)
- Net lossNet loss (net margin -25.8%)
- Cash burnNegative free cash flow (-1.1M)
- Customer concentration~34% of revenue from one customer/distributor — We have one customer that comprised 33
Key metrics
Gross margin
41.8%
Operating margin
-16.2%
Net margin
-25.8%
Return on equity
-42.3%
Return on assets
-26.7%
Revenue growth (QoQ)
19.1%
Interest coverage
-11.9×
Current ratio
3.2×
Free cash flow
-$1M
Tangible book value
$6M
Cash & investments
$3M
Cash runway
12q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 20-F | 2026-04-30 | 2025-12-31 | 0001213900-26-050328 ↗ |
| 20-F | 2025-05-13 | 2024-12-31 | 0001213900-25-042784 ↗ |
| 20-F | 2024-04-30 | 2023-12-31 | 0001213900-24-037798 ↗ |