Carbon Streaming (TSE:NETZ) has released an update.
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Carbon Streaming Corporation has reported a focus on cash flow optimization, with expectations to reach operating cash flow breakeven in 2025, contingent on carbon market conditions. The company has implemented cost-cutting measures, reducing operating expenses by over $1 million annually, while generating $0.5 million in credit sales this quarter. Despite a net loss of $2.8 million, they have maintained a strong cash position with $43.5 million and no corporate debt.
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