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Multistack International Limited ( (AU:MSI) ) has provided an announcement.
Multistack International Limited reported its activities for the fourth quarter of 2024, highlighting sales of chiller models SRA290H and SRW132C, alongside spare parts. The company is in the process of finalizing a settlement with Danfoss regarding a previous arbitration claim, which includes a focus on enhancing ORC technology. Financially, MSI held cash reserves of $975,608 with a quarterly expenditure of $88,867. To support ongoing operations, the company secured a $650,000 loan from A.C.R. Equipment (HK) Ltd, and has previous borrowings related to Verdicorp asset acquisition.
More about Multistack International Limited
Multistack International Limited operates in the HVAC industry, focusing on the sale, marketing, and distribution of water-cooled and air-cooled water chillers. The company also engages in the promotion and marketing of ORC technology products, aligning with global carbon reduction initiatives.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$817.8K
See more data about MSI stock on TipRanks’ Stock Analysis page.