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An announcement from Multistack International Limited ( (AU:MSI) ) is now available.
Multistack International Limited reported a significant decline in revenue for 2024, with a net loss attributable to members of $1,679,290. The company is addressing market challenges by introducing a cost-effective modular air-cooled chiller with a variable speed drive scroll compressor, aiming to capture retrofit projects. Additionally, Multistack has settled its arbitration with Danfoss and plans to continue re-engineering its ORC technology, anticipating commercial sales as the global economy recovers. The company also announced the exercise of an option by SuperLink to acquire Verdicorp’s assets, including ORC technology, in exchange for discharging a loan.
More about Multistack International Limited
Multistack International Limited operates in the air conditioning industry, focusing on high-end products like oil-free maglev chillers. The company is also engaged in developing ORC technology and aims to serve the data center industry, which is expected to grow globally.
Technical Sentiment Signal: Sell
Current Market Cap: A$681.5K
Find detailed analytics on MSI stock on TipRanks’ Stock Analysis page.