Now profitable, Advanced Navigation is hunting for acquisition opportunities
The startup, which was established in 2012 and raised $108 million in 2022, creates navigation tools that can be used below sea level and above the atmosphere.
Advanced Navigation has made the transition from a deep tech startup to a profitable company, according to its chief executive.
CEO Chris Shaw indicated that the company, which manufactures equipment providing precise navigation without GPS connectivity, has been in the black for much of the past year. The cash surplus generated by Advanced Navigation, he said, is fuelling its expansion plans.
“We would be considered profitable today,” Shaw said. “It varies with the investments we’re making at the time, and definitely for the last six to 12 months it’s been a goal of ours to keep our options open to be in that area.”
“There’s always, and especially at the moment, lots of M&A opportunities and other ways to expand the business.”
