SKS Technologies has issued a market update announcing an upgraded revenue forecast for the financial year 2024.

The company now expects total annual revenue to reach approximately $130+ million, a significant increase from the previously expected forecast of $120+ million.

The revised forecast is attributed to an accelerating level of work on hand, attributed to several significant contract wins in recent months.

"The pipeline of opportunities for new work shows no sign of abating," said Chief Executive Officer of SKS Technologies Mathew Jinks.

The the company says its ability to secure substantial contracts and maintain a robust financial standing has been a major factor in the positive revenue projection.