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NXT Energy Solutn ( (TSE:SFD) ) has shared an announcement.
NXT Energy Solutions reported its 2024 year-end financial results, highlighting significant operational activities and financial challenges. The company completed several SFD® surveys across different regions, secured new contracts, and received industry recognition for its technology. Despite these achievements, NXT faced a net loss of $9.08 million for the year, with a decrease in SFD®-related revenues and increased general and administrative expenses. The company aims to strengthen its market position through strategic partnerships and regional market penetration.
More about NXT Energy Solutn
NXT Energy Solutions Inc. operates in the energy sector, specializing in providing advanced survey technologies for oil, gas, and geothermal exploration. The company focuses on expanding its market presence in Africa, Southeast Asia, and South Asia, utilizing its proprietary SFD® technology to enhance exploration efficiency.
YTD Price Performance: 62.50%
Average Trading Volume: 31,982
Technical Sentiment Signal: Sell
Current Market Cap: C$20.32M
Learn more about SFD stock on TipRanks’ Stock Analysis page.