EcoSynthetix (TSE:ECO) has released an update.
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EcoSynthetix Inc. reports an 8% increase in net sales for Q2 2024 compared to the previous year, driven by a 21% rise in product demand. Despite the sales growth, the company maintained an Adjusted EBITDA loss of $0.8 million, consistent with the prior period. Additionally, EcoSynthetix strengthened its market presence by securing two new mill contracts and seeing continued demand growth across various end markets.
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