EQTEC plc (GB:EQT) has released an update.
EQTEC plc, a leader in waste-to-value energy solutions, announced a tenfold increase in revenue to €1.45 million for the first half of 2024, alongside a significant improvement in gross margin to over 50%, reflecting a strategic shift towards high-margin services. The company also reported progress in stabilizing operations and securing new equity investments post-period, underpinning its transition to focus on technology licensing and innovation in the clean energy sector. Despite a net loss including non-recurring items, EQTEC is showing signs of a strong operational and commercial footing, with multiple ongoing projects and a positive outlook for continued margin improvement.
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