California Nanotechnologies (TSE:CNO) has released an update.
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California Nanotechnologies Corp. has reported a soaring annual revenue of US$3.3 million for FY2024, a 142% increase from the previous year, and anticipates a strong first quarter in FY2025 with record-breaking revenue and profitability. The growth is attributed to the expansion of their manufacturing capabilities and the successful acquisition of major clients. Despite a net loss in the last quarter due to various investments and expenses, the company’s overall financial health has shown significant improvement with a notable rise in net income and adjusted EBITDA.
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