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SciDev Ltd ( (AU:SDV) ) has issued an announcement.
SciDev Ltd reported a total revenue of $23.8 million for Q2 FY25, reflecting a seasonal slowdown in the US Oil & Gas sector and uncertainty due to the US election. Despite these challenges, the company achieved a record product gross margin and positive cash flow, while making strategic investments in its Water Technologies business. Notably, SciDev secured its first PFAS treatment contracts in Europe, marking significant milestones in Sweden and the UK, and extended an existing contract in Western Australia. These developments highlight SciDev’s strengthening market position in Europe and its commitment to growth in the water treatment sector, which is projected to expand significantly.
More about SciDev Ltd
SciDev Ltd operates in the water treatment industry, offering proprietary chemical solutions and technologies aimed at sectors such as Oil & Gas, mining, and the rapidly growing PFAS treatment market in Europe and North America.
YTD Price Performance: -8.62%
Average Trading Volume: 348,360
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$100.7M
For detailed information about SDV stock, go to TipRanks’ Stock Analysis page.