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Energy Technologies Limited ( (AU:EGY) ) has shared an update.
Energy Technologies Limited reported a 34% decline in revenues for the half-year ending December 2024, with a net loss of $4.98 million. Despite the financial setbacks, the company has successfully replenished its order book with new orders, including a significant tender with Siemens Mobility. However, the company faces challenges due to resource constraints and is actively seeking funding to support its growth plans. During the period, the company raised $4.55 million through loans for working capital to support its operations.
More about Energy Technologies Limited
Energy Technologies Limited operates in the energy sector, focusing on the production and distribution of wires and cables through its subsidiary, Bambach Wires and Cables Pty Ltd. The company is working on repositioning its product offerings and revenue profile, with a focus on expanding its product range through distribution agreements.
YTD Price Performance: -20.0%
Average Trading Volume: 83,057
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$14.28M
Learn more about EGY stock on TipRanks’ Stock Analysis page.