Creotech Instruments exceeds PLN 1 bln market value

Creotech Instruments’ stock price surged above PLN 350, pushing its market value past PLN 1 billion. Investors have strongly backed the company, more than doubling its share price since the start of the year. CEO Grzegorz Brona called it Poland’s first domestically listed “unicorn” valued in PLN. Creotech develops the HyperSat microsatellite platform and supplies subsystems for satellites, drones, quantum computers, and cryptography, as well as industrial electronics manufacturing. In H1 2024, revenues hit PLN 67.9 million—nearly six times higher y/y—with a net profit of PLN 3.5 million versus a PLN 7.5 million loss last year.
The company gained attention with its EagleEye satellite and a PLN 556.7 million defense contract.
(pb.pl)