Nanalysis Scientific (TSE:NSCI) has released an update.
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Nanalysis Scientific Corp. reported a record first-quarter revenue in 2024, with a 139% increase to $11.2 million compared to the same period last year, largely due to a surge in service revenue and product sales, including Benchtop NMR units. The company also experienced a significant improvement in gross margins and a reduction in net loss, indicating progress towards profitability. These positive results are underpinned by ongoing cost-reduction initiatives and strong sales pipeline momentum.
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