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Astron Connect ( (TSE:AST) ) has provided an announcement.
Astron Connect Inc. reported no sales for the second quarter of 2025 due to the closure of its main supplier, resulting in a net loss of $19,526, which is a 64% improvement from the previous year’s loss. Despite the lack of revenue, the company managed to reduce its operating expenses by 75% compared to the same period last year, and it ended the quarter with a positive working capital of $131,951, marking a significant turnaround from a deficiency in 2024.
More about Astron Connect
Astron Connect Inc. is a company that aids Canadian enterprises in the food and beverage industry to expand into international markets, particularly in emerging regions. It specializes in exporting Canadian food and beverage products, with a focus on markets in China and other emerging areas. The company is known for its brands Manna Water and Sachiel Water, which supply pure Canadian bottled spring water to these markets.
Average Trading Volume: 8,690
Technical Sentiment Signal: Sell
Current Market Cap: C$605.4K
For an in-depth examination of AST stock, go to TipRanks’ Stock Analysis page.