SciDev Ltd (AU:SDV) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
SciDev Ltd has reported a record-breaking revenue of $29.1 million in Q3 FY24, marking a 38% increase from the previous year, driven by strong demand for their proprietary chemistry solutions, particularly in energy and water technologies. The company’s growth is also reflected in a robust year-to-date EBITDA of $6.8 million, a 62% rise compared to the same period last year, and a positive operating cash flow. Additionally, strategic expansions and the appointment of a new Non-executive Director, Mike Utsler, signify SciDev’s ongoing commitment to solidify its market position in water tech and energy sectors.
For further insights into AU:SDV stock, check out TipRanks’ Stock Analysis page.