Maxim Power (TSE:MXG) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Maxim Power Corp. has reported a strong operational year with a net income of $28 million and $41 million in revenue for 2023, despite a decrease from the previous year’s figures. This dip was attributed to an unplanned outage at their M2 unit due to a non-injury fire, which was partly mitigated by a business interruption claim. The company’s overall financial health remains solid with total assets standing at $425.8 million.
For further insights into TSE:MXG stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- “The No. 1 Destination for the Most Talented Artists”: Netflix Stock (NASDAQ:NFLX) Notches Up as the Duffer Brothers Consider Jumping Ship
- “Breakthrough EVs”: Ford Stock (NYSE:F) Notches Up on New Battery Details
- “An Equity Stake”: Intel Stock (NASDAQ:INTC) Surges as U.S. Government May Buy In With CHIPS Act Money