Acceleware (TSE:AXE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Acceleware Ltd., a leader in industrial decarbonization technologies, reported its Q1 2024 financial results, with revenues down from the previous year and a comprehensive loss. The company is progressing with its RF XL Pilot for industrial heating solutions and has secured Phase 2 of a potash ore drying project, aiming to prove the efficacy of its radio frequency technology. Acceleware is currently seeking an additional $5 million to fund the next phase of its RF XL Pilot project.
For further insights into TSE:AXE stock, check out TipRanks’ Stock Analysis page.