SciDev Ltd (AU:SDV) has released an update.
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.
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