An announcement from Anaergia, Inc. ( (TSE:ANRG) ) is now available.
Anaergia Inc. reported its financial results for the fourth quarter and fiscal year 2024, highlighting a positive outlook supported by a revenue backlog of $103.1 million. Despite a 24.2% decrease in annual revenue due to project completions and delays, the company saw improvements in gross profit and adjusted EBITDA, driven by higher margin contracts and cost management. The net loss improved significantly due to nonrecurring transactions in the prior year, and the company remains confident in its strategic growth plan.
More about Anaergia, Inc.
Anaergia Inc. is a Renewable Natural Gas (RNG) technology company that provides integrated waste-to-value solutions. The company focuses on reducing greenhouse gases by converting organic waste into RNG, fertilizer, and water.
YTD Price Performance: -7.14%
Average Trading Volume: 66,944
Technical Sentiment Signal: Hold
Current Market Cap: C$154.6M
For detailed information about ANRG stock, go to TipRanks’ Stock Analysis page.