5N Plus Inc. Sees Strong Q1 Growth, Lands Major Contracts

5N Plus (TSE:VNP) has released an update.

5N Plus Inc. has reported a robust start to 2024, with a significant 18% increase in Q1 revenue to $65 million and a 33% surge in Adjusted EBITDA to $11.7 million, highlighting strong growth in specialty semiconductors for renewable energy sectors. The company also secured a record $135 million in multi-year contracts, and it remains on track to meet its annual financial targets, bolstered by strategic expansions and a $14.4 million U.S. Department of Defense grant post-quarter.

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