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Kontrol Technologies Shifts Focus Amidst Revenue Decline

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Kontrol Technologies Shifts Focus Amidst Revenue Decline

Kontrol Technologies (TSE:KNR) has released an update.

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Kontrol Technologies has reported a strategic shift towards sustainable buildings, resulting in a substantial gain from exiting two businesses and paying down all secured debt. The company has a cash and marketable securities balance of $11.6 million but experienced a revenue decline in the third quarter of 2024 compared to the previous year.

For further insights into TSE:KNR stock, check out TipRanks’ Stock Analysis page.

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