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Maxim Power ( (TSE:MXG) ) has shared an announcement.
Maxim Power Corp. reported its financial and operating results for 2024, highlighting a revenue of $101 million and record annual generation from its M2 facility. Despite a decrease in net income and Adjusted EBITDA compared to 2023, the company managed to increase free cash flow due to lower capital spending. The company also repaid significant debt and converted a loan into common shares, leading to a special dividend distribution. These financial maneuvers, alongside amendments to its credit facilities, reflect Maxim’s strategic efforts to enhance liquidity and operational flexibility.
More about Maxim Power
Maxim Power Corp. operates in the energy sector, focusing on power generation. The company is known for its electricity production facilities and is primarily involved in the generation and sale of electricity in Alberta, Canada.
YTD Price Performance: -17.73%
Average Trading Volume: 15,691
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$292.4M
See more insights into MXG stock on TipRanks’ Stock Analysis page.
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