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An update from Multistack International Limited ( (AU:MSI) ) is now available.
Multistack International Limited reported a significant decline in revenues by 78.79% to $374,032 for the year ending December 31, 2024, and an increased net loss of $1,679,290, reflecting an 88.24% rise from the previous year. Despite challenges such as reduced chiller sales and cautious consumer spending, the company is optimistic about its new cost-effective modular air-cooled chiller and continues to focus on the data center industry. Furthermore, a settlement agreement with Danfoss has ended arbitration, which the company believes will aid in the re-engineering and future commercial success of its ORC products.
More about Multistack International Limited
Multistack International Limited operates in the air conditioning industry, focusing on producing high-end oil-free maglev chillers. The company is also involved in developing ORC technology, targeting sectors like data centers with potential for global growth.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$681.5K
For a thorough assessment of MSI stock, go to TipRanks’ Stock Analysis page.